Biden Risks America’s National Security in Debt Ceiling Fight
As the federal government once again speeds toward the fiscal cliff of its $32 trillion debt borrowing limit, concerned Americans witness the same old song and dance.
Political theater and bluster, dire warnings, the supposed “guarantee” of a “financial apocalypse” if America defaults on its debt obligations.
Then, as night follows day, the debt borrowing limit is raised again, the “crisis” is averted and D.C, goes back to what it was doing before and does constantly, spend, spend, spend— until the next debt ceiling fight.
As Thomas Jefferson predicted, “future American leaders would be tempted to borrow to enhance their short-term popularity, while burdening a future generation with debt.”
Enough! This is completely unsustainable.
Let’s really consider this: how is a debt default ultimately worse than this ever-increasing ocean of debt?