Senator Bill Nelson (D-FL) has legislation prepared to give the Treasury the go-ahead to issue Social Security checks if the debt ceiling is not raised by August 3rd (or whenever).
Treasury Secretary Timothy Geithner, in a letter dated Friday, told Nelson that such a measure would give his department special authority to ensure Social Security benefits get distributed. But Geithner also stressed, more than once, the broader importance of raising the $14.3 trillion debt limit.
I guess this means the legislation is ready for a vote in the Senate if necessary.
Linked by Sentry Journal which has a great round-up and I hope you’ll read this great essay on banning incandescent light bulbs, on the march to perhaps, stripping us of our “most cherished practices.”