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Congress Exceeds Its Credit Limit
by Rep. Ron Paul, MD - LewRockwell.com
The term �national debt� really is a misnomer. It�s not the nation�s debt, but rather the federal government�s debt. The American people didn�t spend the money, but they will have to pay it back. And if Congress has its way, our nation�s Treasury will have twice as much debt ten years from now as it does today. Congress needs to stop this terrible spending spree before it bankrupts American taxpayers. All of the talk about tax cuts and budgets is just a smokescreen obscuring the real problem of uncontrolled spending. Unless the American people force Congress to change its spendthrift ways, newborn Americans may soon come into the world owing $44,000 instead of $22,000.

posted by A Curmudgeon 9:14 AM