Lost in all the rhetoric about the current government shutdown and the impending need to raise the debt ceiling (yet again!) is the real underlying problem - the federal government spends more than it takes it, borrowing the difference, and this is simply unsustainable in the long run. Here is a chart from www.heritage.org, based on Congressional Budget Office figures, that makes it very plain:
It's all very well for the administration to argue that it needs to raise the debt ceiling to preserve America's fiscal credit, but why, in almost six years in office, has it done so little to address the real issue - the growing deficit? Only the sequester, to which the administration was dragged kicking and screaming, has slowed the spending increases.
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