An Interesting Thought !!!

Discussion in 'Politics' started by gautama, Jul 26, 2011.

  1. gautama
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    gautama BANNED

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  2. blastoff
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    blastoff Undocumented Reg. User

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    Sowell is spot-on:

    "The national debt-ceiling law should be judged by what it actually does, not by how good an idea it seems to be. The one thing that the national debt-ceiling has never done is to put a ceiling on the rising national debt. Time and time again, for years on end, the national debt-ceiling has been raised whenever the national debt gets near whatever the current ceiling might be."

    They should call it what it is...the Make-Believe Debt Ceiling.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    What's Granny gonna do if she don't get her Social Security?...
    :eek:
    Debt ceiling: Will I get my Social Security check?
    July 28, 2011: Social Security checks might not go out next week if the debt ceiling isn't raised.
    See also:

    Debt ceiling deadlock could lower interest rates
    July 28, 2011: The nation is just days away from the debt ceiling deadline, and no one knows exactly what will happen when the borrowing limit is reached. But even in the worst case scenarios, many experts think investors will flock to U.S. Treasuries.
     
    Last edited: Jul 29, 2011

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