There are a lot of new congressmen in Washington, and many of them were voted in on a campaign promise of fiscal responsibility. The accumulatednational debt is rapidly approaching the debt ceiling, and unless federal spending is curbed, we’re going to spend ourselves into poverty.
The message is simple: Spend within your means. The application is much more difficult, since no one wants to see his or her piece of the pie shrink. Combine that with any given politician’s number one priority (not getting fired by being voted out at the next election), and we have a recipe for economic disaster.
On one side of the equation, we have constituents that like their entitlements. “The government isspending too much!” they cry, while at the same time opposing cuts to Social Security, one of the biggest money hogs in existence, and other programs like Medicare, Medicaid, and the Pigford reparations.
Read more at The Stir