When he took office, President Reagan promoted a young Michigan congressman, considered a federal budget whiz kid at the time, to head the Office of Management and Budget. David Stockman was convinced that federal spending had to be reduced. I can still recall a famous headline at the time likening him to the Grim Reaper:
Read more: http://www.americanthinker.com/blog/...#ixzz2gffAHRog
According to Stockman, the debt ceiling need not be Armageddon as portrayed by the Ds.
Quoting Stockman:"It is a complete red herring to say there will be a default," he tells us. "There will never will be a time in which there is not enough cash to pay the interest."
Stockman's no lightweight. He knows the law and encourages House Republican's to call Treasury Secretary Jack Lew's bluff about breaching the debt ceiling. According to Stockman Uncle Sam is collecting $250 billion a month, which leaves plenty of cash for Social Security, Medicare, the armed forces and a host of other things. He also argues that Obamacare should be delayed. Let's face it -- who knows how much that'll cost?
"The fiscal process doesn't work. It's broken and the only way to get the wheels of this thing to stop turning is for a determined minority to grab the bull by the horns. And if they want to call it 'hostage taking' they can use that term but why do people think we can keep adding to the national debt?"