Can someone please explain to me why the President (and most Democrats) refuse to do anything about cutting spending unless they get new or increased taxes? And why do they insist on increasing the debt ceiling—which will allow them to borrow and spend more and get us even further into debt? If they are planning to get new money, either from new taxes or new borrowing, being politicians, they will spend it. Being liberals, they will give it away to people who don’t pay taxes, but who have the vote.
We overspent ourselves into this massive and unsustainable debt. We cannot get out of debt by overspending some more.
