Earlier this month, Republican and Democratic deficit hawks in the Senate, led by Kent Conrad issued a veiled threat to House Speaker Nancy Pelosi: let us set up an entitlement-reform commission to address budget deficits, or we'll kill annual legislation raising the country's debt ceiling.
That may sound like a bunch of jargon, but loosely translated it means they want to get their hands on Social Security and they're willing to let America default on its debt, potentially unleashing economic catastrophe, if they don't get their way.
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