Unfortunately, runaway spending is not a new thing to Washington. In August 2010, the Heritage Foundation posted the following graph:
Washington politicians are continuing to spend money they simply do not have. That is why there is a discussion of "raising the debt ceiling." Think about that a minute. What they want to do is increase the amount of money they can borrow. There is no interest in fiscal discipline. This is like a person who calls his credit card company after losing his job and saying, "I know my credit card is maxxed out, but I have lost my job and I need a higher credit limit." Obviously, you would feel sympathy for the person--he just lost his main source of income--but would you raise his credit limit? America has not lost it's main source of income--it has simply spent too much. There is no reason to raise the credit limit. The only way I would support raising the credit limit is with some REAL cuts in spending. It's not about the revenue--it's about the spending.
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