National, State and Local

A Blank Check


So, as our leaders congratulate themselves for saving the nation, the reality is that they may have just sold it down the river. By supposedly compromising to raise the debt ceiling, Congress and the President have now paved the way for ever higher levels of federal spending. Although, the nation was spared the trauma of borrowing restrictions, the actual risk of default existed solely in the minds of Washington politicians. But the real crisis is not, nor has it ever been, the debt ceiling. The crisis is the debt itself. Economic Armageddon would not have resulted from failure to raise the ceiling, but it will come because we succeeded in raising it. Read more Op-Ed at Euro-Pac.net

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