Monday, January 21, 2013

Kicking the Can down the Road

Congress continues to kick the can down the road.
From CBS:
House to vote on debt limit increase on Wednesday

The plan would delay the accounting for another three months, in return for not sending the US into default on its loans. Despite the fact that my paycheck comes from the taxpayer, I'm all in favor of defaulting rather than continuing to raise the debt ceiling. If we keep on spending like we have, then we'll just default at a later date, with an oppressive, enormous mountain of debt. Also, it might actually teach Congress a bit about fiscal restraint.