Borrowing Without End
Recorded on March 16, 2011
It's time for common sense; I'm Ernest Istook.
With a national debt above $14-trillion, you'd think that would bother liberals, conservatives and everyone in between. Sadly, that's not the case.
Liberal economist Paul Krugman writes that our government is not “broke” because it can still borrow money. He and some others on the left believe we can keep sinking into debt and it's okay.
They want to raise the limit on government borrowing rather than reducing the size of government. And President Obama refuses to help solve runaway entitlement spending—and Congress is waiting on the President.
Our government plays politics more than addressing problems. That's one big reason a record number of people believe America is on the decline. The good news is that a record number of Americans are also ready to do something about it. They're called the Tea Party movement.
For common sense, from The Heritage Foundation, I'm Ernest Istook.