16,000 homes a day

While the national debate regarding the debt limit increase has passed, and the nation has avoided what many politicians gleefully referred to as economic collapse, it's important for all Americans to recognize the true nature of our borrow and spend philosophy and the addiction to the same. The debt limit was merely a distraction from the real issue at hand:  Spending.  Let's forget, for a moment, the political euphoria that comes with a credit card limit that has been increased by $2.1 trillion.  Instead, let's concentrate on just what it means to be borrowing $4 Billion each and every day.  The US government BORROWS $4,100,000,000 each and every day-regardless of the "smoke and mirror" cuts that were promised in exchange for the debt limit increase.  Keep in mind that this figure is not what we SPEND, but what we BORROW.  To keep it simple:   $4.1B is the amount it takes to make up for the difference between what we take in and what we...(Read Full Post)