Reaching the debt ceiling should be a warning bell to Congress that our debt has reached scorching levels. But all Washington politicians want to do is shut off the alarm instead of put out the fire.
The alarms are ringing loudly, and with more frequency, in response to new and expanded entitlement programs, bailouts and Big Government takeovers. Congress has voted to raise the debt ceiling every year since 2002 — and twice in 2008 and 2009.
Raising the debt ceiling yet again without a plan to cut spending would be like putting out a fire with gasoline instead of water. Doing so would allow the government to continue borrowing more to spend more.
Read full article here from Politico.com:
http://www.politico.com/news/stories/0111/48020.html
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