Today’s Sunday talk shows obsessed with the possibility of default. Treasury Secretary Geithner made the rounds with doomsday warnings: The elderly will not get social security checks, the unemployed will miss unemployment benefits, and the poor will be denied medical care, if the rascally Republicans force a default on sacred government debt.
Geithner refused to spell out what steps his treasury department is taking to prepare for the possibility that a deal will not be reached in time. According to him, there are no plans. There is no prioritization. The only possibility is a disaster from which we will not recover. Surely, it is time for the recalcitrant Republicans to come to their senses.
We seem to have forgotten the May 25, 2011 GAO report entitled “Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue.” Less than two months have passed since its release. Washington, I guess, has a very short memory span.