Government Spending Out Of Control

Get ready for another economic standoff, because the next debt limit fight is right around the corner. On Wednesday, Treasury Secretary Jack Lew announced that our nation will reach the debt ceiling "by late February", and he called on lawmakers to act soon. In a letter to congressional leaders, Secretary Lew wrote, "I respectfully urge Congress to provide certainty and stability to the economy and financial markets by acting to raise the debt limit before February 7, 2014, and certainly before late February." Unfortunately, it's practically a guarantee that Republicans will hinge any increase to a long list of demands. The only thing left to wonder is what we will have to sacrifice to protect our nation's credit rating.