I haven't posted about the budget "crisis" ongoing in Washington. Don't have much time to blog anyway, and when I do I don't have much to add to the discussion that you won't find covered better elsewhere. I have noticed something, however, that I have to point out.
I hear an endless stream of News reports about the upcoming "DEFAULT" that the US will slam into if a budget agreement isn't reached by August 2. That's to be expected from the "main stream" media since they usually just parrot whatever scare tactic talking point is currently in vogue from the Left. Of course, the decision (or failure, depending upon your point of view) to raise the debt limit DOES NOT trigger an automatic default on US debt. It simply means that the US can't increase the amount it borrows in order to pay for stuff. Saying that not raising the debt limit automatically means default is like saying that you're planning to default on all your current debts just because you've decided not to get an additional credit card with a new line of credit.
What it REALLY means is that not raising the debt limit will FORCE a decision on what the government will pay for and what it will not. If the President doesn't have an increased debt limit, it means that he will have to actually decide if we service our debt - or spend the no longer limitless money on other things. The deception goes even further. According to the Daily Treasury Statements from the US Treasury Department, the government already has more than enough cash to pay interest on the debt, all Social Security payments, Medicare, Medicaid, Military salaries, and all Federal employee benefits and wages. So it would appear that President Obama's ominous claim that he "can't guarantee" that checks will go out is untrue. It simply means that if they don't - it will be because he's chosen not to pay them.
All this has been covered other places, and you've most likely heard it before. What surprises me is that the (largely) Conservative based news stations that I listen too still have their own in house news departments using the terms "default" when referring to the upcoming deadline.
The truth has a hard time taking root, it would seem, even in fertile ground.