All Commentary
Thursday, July 14, 2011

With No Deal, Obama Would Face Tough Choices Aug. 3 About What Bills to Pay

“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