Out of Control Spending and Increasing National Debt

What does our out-of-control spending and increasing national debt mean?

Sticking it to the Grandchildren

I think by now everyone who is halfway honest and has an IQ above 32 realizes that the claim that the U.S. will default its debt if the debt ceiling isn’t raised by Aug. 2 is just another shameless Democratic canard.

Thanks to cable TV, talk radio and the Internet, the facts are well known:
First, while the exact amounts vary from month to month, the government brings in, on average, about $200 billion a month from (mostly unwilling) taxpayers and pays out, on average, about $20 billion in monthly interest charges. That’s a tenfold coverage. Read more...