October 23, 2013

Debt Is the Deeper Problem

“As with alcoholics, there’s a deeper problem here.”

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Columnist John Stossel: “[W]hen Congress and President Obama agreed on a deal last week to raise the debt ceiling and resume government spending, people reacted as if a disaster was averted – instead of reacting as if a disaster had resumed. It has. And it continues. Congratulating ourselves for raising the debt ceiling once again, the way we do every time this drama plays out, is like congratulating an alcoholic for talking the bartender out of cutting him off. As with alcoholics, there’s a deeper problem here. It’s not just that America is addicted to debt. Everyone agrees we should pay our bills, just not when or how. The deeper addiction is to government.”

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