Saturday, July 16, 2011

As debt impasse grinds on, anxieties growing:Recipients of federal benefits worry that their lifeline might be at risk

The
Boston Globe
reports:
Far from the fray in Washington, D.C., over whether Congress will allow the Treasury to borrow more money, people are reacting with a mixture of concern, skepticism, and disdain at the prospect of a government default. No one - not even the country’s sharpest economists - knows just what would happen if the government started running out of money to pay its bills, and few expect that to happen. But most everyone has something to say about a worst-case scenario.
The Establishment's advertisement for the welfare state.