I have a new PJ Media column: Why not end taxes and put the entire federal budget on credit?
Think about it: We’re past $16 trillion in debt so far, and we’re just fine. We have a pretty good scheme going to keep up the level of government we want: We take big loans from our children and then die before paying them back. And we have no reason to stop. What’s the worst that has happened so far? America’s credit was downgraded. And that hurt us how? It’s not like people are going to stop giving the federal government loans — it has nukes. Plus, the president has asserted that he can take out anyone he wants with drone strikes whenever he feels like it (“Want to know who’s on my secret kill list? I’ll give you a hint: No one who loans us money.”). So that brings us to the obvious question: Why not just put the entire federal budget on credit?