If you were Congress, what would you spend without borrowing?
Washington Post has a wonderful interactive webpage that puts you in charge of spending. We all sit behind our screens and bravely make wild assumptions, opinions and other noise without ever having to perform any difficult decision. Now is your chance. Below are my choices and my explanations. Some things are easy: Interest payment, social security, medicare,medicaid, military active duty. Not only are those liabilities that the Treasury owes from previously collected taxes, but interest payment is the one thing that will ensure that no actual default happens. This is proof positive that the fear mongering performed by Obama and others is just that, fear mongering. I prefer deceitful lying, but perhaps I tend too be slightly melodramatic. It also shows that the path of entitlement programs are not sustainable. Monthly payments of 118 Billion on entitlements out of the 172 in revenues is nothing s...