America’s $15 Trillion Nightmare
So what’s Washington doing about it? Fighting over how high to raise taxes instead of getting to the root of the problem.
By Heritage Foundation Mike Brownfield—— Bio and Archives--November 18, 2011
American Politics, News | Comments | Back To Full Article
This week, the U.S. national debt clock hit a nightmarish milestone: a record $15 trillion. Words can’t even begin to describe the scope of borrowed federal spending, but it is no doubt a staggering figure that has risen dramatically in the last decade and is more than $4 trillion higher than when President Barack Obama took office less than three years ago. Unfortunately, Washington does not appear poised to take action to rectify the problem, and those with their hands on the wheel are ignoring the root of the problem: spending.
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