Most of the news in the mainstream media lately has been devoted to Washington DC and the argument between Congress and the president over the debt ceiling increase. The Democrats insist that the country will crash and burn if we do not increase the nation’s capacity to borrow money. The Republicans are refusing to budge on the subject of increasing taxes and are attempting to tie any increase in the debt limit to a corresponding reduction in spending. Liberals counter that we simply cannot survive as a nation unless we continue borrowing at least 44 cents out of every dollar that we spend. Or, in other words, unless we spend more, borrow more, and tax more.
