Six months ago, on March 16, 2015, the government of the United States of America once again reached its statutory debt limit.
In other words, the Land of the Free had maxed out its credit card and was legally barred from borrowing a penny more.
That’s pretty sad when you think about it.
The supposedly richest country in the world is such a deadbeat that they had borrowed the maximum amount of money as permitted by its own law.
They call it the ‘debt ceiling’. And the only way to borrow more is for Congress to pass a new law… something that, embarrassingly enough, has occurred dozens of times over the past few decades.
The US is undoubtedly addicted to debt.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
"We, the people" would be in the middle of a 25-45 year prison sentence for what our "leaders" do all the time. And our families would be homeless and starving.
Two sets of laws.
Keep cheering.
Is there ANY government agency that is not corrupt through and through?
This out of control spending really needs to stop, it is a very sad state of affairs when a child is born today he has a debt to pay of over $20,000 before they even take their first breath! We as a nation can not keep giving away what we don't have to those who have not contributed to the betterment of this nation in any form, be they domestic or foreign! We are not the great rescuer of all the worlds problems and ills. We need to take care of our own house before we can help others with theirs
Post a Comment