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Friday, May 27, 2011

Prioritize Spending = Pay Debt and Stiff Everyone Else

If I understand the Radical Republican DeMint properly, he is saying that if there is a default by the US Treasury, it will be the Secretary of the Treasury's fault, because Geithner should prioritize spending, i.e., he should use all revenues to pay the debt service first, and not pay anything else until that debt is paid. This obviously implies that a large number of other things - wages of government employers, payments to vendors and suppliers, dare we mention Social Security payments? - need not be paid.

Run Government like a business! Like Tony Soprano's Bad-a-Bing Strip Club and National Government!
What Idiocy!
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