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Thursday, January 12, 2012

MILLER: Putting out the debt fire - Washington Times

MILLER: Putting out the debt fire - Washington Times: The United States has hit the debt ceiling that was just recently raised to $15.2 trillion. Any day now, President Obama will formally ask for it to be hiked another $1.2 trillion. Uncle Sam is burning through cash so fast that the government’s bills equal the total value of the goods and services produced by our economy.

If the current resident of the White House won’t cool it on borrowing, the country ought to look at the Republican alternative. Two things are essential to bringing the debt down and the economy up: reforming entitlement programs and cutting spending to less than the previous year’s expenditure. The candidates discussed how each would approach these key issues in the New Hampshire debate Sunday morning.

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