from Zero Hedge:
You know the old rule of thumb about laws – the more high-sounding the legislation, the more destructive its consequences. Case in point, HR 3293 – the recently introduced Debt Limit Reform Act. Sounds great, right? After all, reforming the debt seems like a terrific idea. Except that’s not what the bill really does. They’re not reforming anything. HR 3293?s real purpose is to authorize the government to simply stop counting a massive portion of the US national debt.
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