Wednesday, July 20, 2011

What About The Bookkeepers?

The Atlantic's Megan McArdle, coming at it sideways, has the best explanation how all the financial trickery in the world won't keep "critical" programs from being affected.if we do not raise the debt ceiling

My favorite:
You just cut the IRS and all the accountants at Treasury, which means that the actual revenue you have to spend is $0.
 Doesn't matter how much money is being deposited if no one can sign a withdrawal slip.

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