Thursday, October 15, 2009

EconomistMom captures the lunacy of Congress

Here she talks about Congress targeting seniors with a stimulus check because they did not get their positive COLA. The whole problem with COLAs is that they do not deflate, positive only. Our governance is riddled with unidirectional paymet adjustments, which eventually cause bankruptcy of government. Yet the same senate with the same ignorance of economics wants a debt commission when they raise the debt limit. What is the debt commission going to say? That Congress is composed of idiots?

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