“Obama’s advisers have said that prioritizing some payments over others is impractical and would be chaotic. Money comes in and flows out at an inconsistent rate.
‘You would have to make heinous choices about which bills you would pay,’ White House press secretary Jay Carney said Wednesday.” Washington Post
Trade-offs and prioritization? You mean what the rest of us call “the real world”?
FEE Timely Classic
“Budget-Cutting Resistance” by Sheldon Richman