JustOneMinute: Common Sense Has Left The Building

I should unchain my Inner Pedant and note that no one claims that incoming tax receipts are enough to \”pay off\” bonds as they come due. Tax receipts will be enough to pay off the interest on the bonds; the principal amount can be re-issued under the current debt ceiling. Gee, its almost like the reporter doesn\’t understand this.

via JustOneMinute: Common Sense Has Left The Building.

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