National

Debt Limit Debate


All across Western Europe—the land of platinum-plated social benefits, the 35-hour work week, tony retirement plans and government-funded health care—countries are coming to the realization that they can no longer afford these luxuries amid skyrocketing deficits. Yet here in the United States, as we face a $14.3 trillion deficit, some are calling for increasing our government’s ability to borrow even more money without any concern for spending reform.  Congress has raised the debt limit ten times since 2002, from $6.4 trillion to $14.3 trillion.  Read more at The Foundry

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