The debt hawks are to economics as the creationists are to biology.
Politicians continue to worry about the size of the federal debt:
“The president knows that Republicans support extending unemployment insurance, and doing it in a fiscally responsible way by cutting spending elsewhere in the $3 trillion federal budget,” said Representative John A. Boehner of Ohio. “At what point do we pivot and start being concerned about our children and our grandchildren?” said Senator Mitch McConnell of Kentucky.
I will pay $1,000 to the first person (including you, Representative Boehner) who can demonstrate why the U.S. federal government will be unable to service its debts.
Wait, I’ll make it even easier. I’ll pay $1,000 to the first person (including you, Senator McConnell) who can demonstrate why the U.S. federal government will be unable to pay its debts, even if all taxes and all federal T-securities were eliminated. And I’ll throw in an extra $1,000 if you can show how the U.S. taxpayer and/or taxpayers’ grandchildren owe the federal debt.
Readers, please feel free to pass this on to your political representatives. I have my checkbook in hand.
Rodger Malcolm Mitchell
http://www.rodgermitchell.com
No nation can tax itself into prosperity
#Monetary Sovereignty - Mitchell 
It’s 7/24/10. Hello debt hawks, where are you? No surprise. No takers. No facts.
It’s now 7/26/10. Hello again, debt hawks. Still no facts?
Rodger Malcolm Mitchell
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It’s 8/14/10: So far, this post has had more than 200 visits, and still no one wants (is able) to claim the $1,000. Interesting how the debt hawks have become so very, very quiet.
Rodger Malcolm Mitchell
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It’s 9/5/2010. I’ve sent the above post to every debt hawk and debt hawk web site I can find. So far, no one has attempted to win. Debt hawks are a sad joke.
Rodger Malcolm Mitchell
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Today is 9/27/10: I left a note for well-known debt-hawk Barry Ritholtz. I’ll let everyone know in the unlikely possibility he contacts me.
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