Barney Frank: ‘There are worse things than default’

[Playinghardball]

Source: RawReplay
By David Edwards

The top Democrat on the House Financial Services Committee reacted with outrage Friday to reports that a deal to raise the debt ceiling might include deep cuts to entitlements and only a promise of future tax reforms.

“We’re told if nothing’s done by 2013, there would be a trade off between the Bush tax cuts and the individual mandate on health care,” MSNBC’s Andrea Mitchell told Rep. Barney Frank (D-MA).

“I can’t think of worse public policy,” Frank said. “To put people for example in uncertainty about what health care is going to look like in 2013, is a bad joke.”

“But I want to talk about entitlement cuts. I really am offended by this notion that there should be a tradeoff between some of these things and whether or not a 78-year-old woman living on $19,000 a year ought to have further restrictions on her income. I don’t know where this notion came from that the cost of living adjustment for Social Security is too lavish.”

More read and watch this video from MSNBC’s Andrea Mitch Reports, broadcast July 22, 2011.

http://www.rawstory.com/rawreplay/2011/07/barney-frank-there-are-worse-things-than-default/

[Confusious]

1. Well, the 78 year old woman is living on the gov't dole

shes still got some life left in her. She should be working in a factory or the mines until every bit of productivity and life is squeezed from her.

kinda like wringing out a towel.

I would say sarcasm, but these days, I really don't think its far off from how the Republicans think.

[Cool Logic]

2. I agree--inflating our way out of it would be far worse.

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world. ~ Thomas Jefferson

[DesertFlower]

3. many ss recipients are living on way less.

[nashville_brook]

4. k and r