Posted on 04/11/2011 2:15:43 PM PDT by julieee
There is a broader, and core issue at stake. Government is spending dangerously in excess of its revenue. Government makes up the difference by borrowing from others, and by printing money. It now even prints money that it borrows.
Federal spending must now be ranked by the simple question: is this line item so urgently important that it must be funded by debt or inflation?
I can think of a lot of line items that fail this test starting with the National Endowment for the Arts, the Corporation for Public Broadcasting and Planned Parenthood.
Barry said no, Tammy Faye had a little cry then caved.
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