House Republicans are right: No debt limit increase until a balanced budget plan is in place. It’s about damned time! For those who haven’t taken the time to crunch the numbers, let me lead you down the path to enlightenment. The United States takes in $4.7 trillion each year. As we speak, this country is $31.4 trillion in debt. Here’s what those two numbers mean: If federal government spending came to a screeching halt today – no welfare, no food stamps, no Obama phones, no law enforcement, no NASA, no employees of any kind – all branches completely shut down, and all of its income went towards paying down the national debt, it would take over 6 ½ years to pay it off. As bad as that sounds, Biden and his Democrats want to make it worse by spending money like drunken sailors and adding to it. For Christ’s sake – the Democrats’ve added $4 trillion to the national debt just since they elected Biden to be Idiot in Chief. “And don’t forget, every one-percentage-point rise in interest rates by the Federal Reserve raises the debt by much more than a trillion dollars over the next decade.” If any of us run our household finances like Biden’s running the federal budget, we’d be one step away from living in a canvas condo under a bridge somewhere.
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