Debt Ceiling Politics.
The President has thus far proven he is unwilling to lead on spending cuts, and he has thus far proven unwilling to entertain reforming entitlements to ensure low-income seniors are protected, for example, while ensuring programs like Social Security and Medicare can endure for future generations.
Talk is cheap, but the consequences of continuing on today’s path of massive deficit spending will prove very expensive, if not downright ruinous, for future generations.
…Suggesting that the United States might default on its debt is factually wrong and shameful behavior on the President’s part.
The 2013 Index of Economic Freedom was released today! Check to see what countries made the top!
Chart of the Week: Cut Spending to Avoid the Fiscal Cliff