General Interest

Only in America: More Debt to Avoid Fiscal Meltdown


From the chaos of the Vietnam War came the oft-quoted paradox “we had to destroy the village in order to save it.”  It’s fair to ask if a similar version of that skewed logic is being applied to U.S. fiscal policy with regard to the debate over raising the debt limit from its current stratospheric level of $14.3 trillion.  So here’s the paradox: should Congress go ahead and approve raising the debt ceiling — which it almost certainly will — it essentially gives the government a green light to continue doing exactly what it did to dig the $14.3 trillion hole in the first place.  Read the financial analysis at FoxBusiness.com

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