Well, I’ve resisted writing about this for too long, and now I see people are waking up to a reality ……. sort of.
Dirk brings this to our attention.
In what seems a lifetime ago, I had articulated this thought many times, usually to the disbelief or lack of understanding by the people I was speaking to.
You know the old rule of thumb about laws–
The more high-sounding the legislation, the more destructive its consequences.
Case in point, HR 3293– the recently introduced Debt Limit Reform Act. Sounds great, right? After all, reforming the debt seems like a terrific idea.
Except that’s not what the bill really does. They’re not reforming anything. HR 3293′s real purpose is to authorize the government to simply stop counting a massive portion of the US national debt.
You see, one of the biggest chunks of the debt is money owed to ‘intragovernmental…
View original post 877 more words