Wednesday, October 16, 2013

We are dumb enough to default

Yesterday I asked if we were dumb enough to default. Apparently Treasury Secretary Lew has already let the Congress know that being that dumb has been baked into the IT infrastructure of the Treasury Department. When we were paying checks by hand, the government was smart enough that such selective payments could be done but now that we've grown the government enough to automate the process of payment, we can no longer do selective payments. Literally we paid many millions of dollars to get that dumb. HT Jim Geraghty's Morning Jolt 10/16/2013 a National Review newsletter