Monday, July 15, 2019

Could the "woke" left manipulate a coming debt ceiling deadline (before Congress returns in September) to demand means testing of the wealthy now?




Mnuchin warned that the US will run up against the debt ceiling before Sept. 9, 2019, when Congress returns from vacation.


Bloomberg warns that the “woke progressives” may try to hold the debt ceiling hostage to get their way, whereas in the past we worried that Trump could hurt people and send them to the shame of beginning on GoFundMe to get his way.

While most legal arguments seem to say that (despite Flemming v Nestor) the Social Security Trust fund is likely to remain protected and safe, there is a bit of a concern about people with inheritances. 

The Woke Left could try to raid them with rather sudden implementation of means testing as a stunt.  
  
  When you inherit something you didn’t earn it, so it can be taken away from you and you make not get it back. So much for the rule of Law with the radical Left.

Update: July 16

Catherine Rampell has an article "Abolish the debt ceiling now", no strings attached, today, in the Washington Post opinion pages, here

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