Enter
are letting on, and that by carefully making choices, the government can keep paying bills for a
long time after the debt ceiling is
breached. Per Weigel:
The theory goes like this. Several
times, Republicans have passed
(or endorsed) the Full Faith and
Credit Act to assure investors
that the country won’t default.
Just like Obama should be moving around money to keep the
parks open, he should be telling
investors that he can use incoming revenue to avert a default
by paying debt service, entitlements, and the military.
Anything less, according to
frequent Full Faith and Credit
Act sponsor Sen. Pat Toomey,
is a “scare tactic.” House Republicans who voted for that
act insist that the president’s
going to be able to finance
the debt and keep old people
alive—unless he’s so vindictive
that he doesn’t want to. “Social Security benefits are funded by mandatory spending,”
explained Texas Rep. Bill Flores
to a reporter in his district.
“They go out come heck or high
water. The only way Social
Security payments could be
LOOKING FORWARD
IN ANGST
HUFFINGTON
10.20.13
I would definitely love
to play poker against some
of these people, you know,
if they weren’t playing games
with the global economy.”
withheld is if two things happen. One is the president decides to withhold them, or two,
he takes the staff away that
generates those ^[Y[