the bleating you are hearing from liberals about the debt ceiling forcing a “default” on government “obligations” is just laughable
There is adequate cash flow from taxes and other revenues to pay in the short term all (i) current period interest on all outstanding (or rolled over) actual U.S. government full-faith-and-credit debt obligations; (ii) entitlements spending; (iii) means tested program spending; (iv) administrative and enforcement functions; (v) military salaries and expenses.
Good. Let the New Class be exposed by vast listings of the grants, contracts, vendor agreements and programs that fall into this category. Let’s have some sunshine on these, it would be highly instructive. Excuse me–were the vast army of federal consultants, vendors and contractors, and potential grant applicants in the social-welfare-industrial, education-industrial, medical-industrial, and, yes, military-industrial complexes “expecting” the gravy train to just keep on rolling for them? That’s just too bad, isn’t it?
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