Tuesday, June 21, 2011
In this story Sen. McConnell uses time units to describe a monetary increase in the debt ceiling. This is both strange and unhelpful. The point is simple, when you start measuring the debt ceiling in terms of months instead of dollars, you have psychologically embedded the idea that spending is a constant. The entire point of trying to cut entitlements, the major point that the american people made in returning the GOP to power int he House, is that spending is a variable and we need to cut it now.