Dollars are fungible, Madam Speaker

On October 18, 2007, in General, by Neil Stevens

I have the television on C-SPAN and muted, but I can see on screen that Speaker Pelosi is pointing to a graphic that attempts to rebut the charge that her S-CHIP plan would give aid to illegal aliens. Her visual aid claims that the plan gives “no federal funding to illegal aliens.”

That sounds nice until you realise that the S in S-CHIP stands for State, and that the wording of Ms. Pelosi’s graphic clearly allows for the states to shift state funds from Americans to illegal aliens, using the federal funds to make up the gap.

Dollars are fungible, and we all know it.


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