| Current Poll |
Are you keeping your New Year's resolutions?
View Results
|
|
Story Archives: Recipe for disaster
- 2013 - 334 articles
- 2012 - 1160 articles
- 2011 - 1177 articles
- 2010 - 810 articles
- 2009 - 779 articles
- 2008 - 949 articles
|
Recipe for disaster
 There's a time for politics and there are times when politics must be set aside to achieve a greater good.
That's waxing a bit in nostalgia, but the events unfolding on Capitol Hill in Washington are a prime example of petty politics getting in the way of what's best for the country.
Of course, I'm referring to the ongoing debate on whether the Congress should approve raising the government's debt limit. It currently stands at $14 trillion and some change.
On or about Aug. 2, the U.S. Treasury, for the lack of a better description, will reach its limit on the amount of money it can borrow to pay the government's bills. The U.S. government spends about $390 billion per month. The government's income runs about $260 billion each month. In other words, our government bleeds red ink to the tune of about $130 billion each month. It's not a pretty picture.For the full story, subscribe to the The Franklin Sun's NEW E-Edition!
|
|
|
E-mail Story
Print Story
