Monday, August 01, 2011

Give an inch...

Take a footnote:
VOTE NO ON DEAL.If the original intent was a clean bill, this should fit the bill. If harming the economy for political purposes is the intent, then the Debt Deal is the proper balance. While I can understand the political purposes in light of the burden of accountability and compromise, it is a tough call to say, hold tough, but it is your call. My call is that it is not only the 14th Amendment but the Debt Ceiling law itself, which gives the President and Congress their respective powers, which only a no vote would enforce. So while I can understand that Sum Would Cheer: I must on principle urge a No Vote on kicking the can down the road for political purposes. UNLESS it has already been calculated that the obligations that the Treasury holds(f.n. 2) are already not a part of the debt ceiling picture.
Footnote 1
and 2 (except guaranteed obligations held by the Secretary of the Treasury.)

[8-3-11 Obama/Simpson/Bowles follow-up: and interesting Tangent. NFRY files or fries.]

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