Saturday, September 29, 2007

Future generations are saddled with our debts

With the U.S. government fast approaching its current $8.965 trillion credit limit, the Senate on Thursday gave final congressional approval of an $850 billion increase in U.S. borrowing authority.
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This money doesn't come out of thin air. It's borrowed. With interest due. We're saddling the next generation with a huge debt because of our fiscal irresponsibility. The one trillion dollars (let alone all the deaths and destroyed lives)thrown into Iraq isn't helping either.
Perhaps we need economists in Congress rather than lawyers.

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