Debt ceilings & runaway spending

Betsy McCaughey often updates her readers on healthcare matters.  Yesterday, at Townhall, she analyzed the consequences of Congress members who want to keep raising the debt ceiling.  Her premise:

“If America wants to spend like Europe, it must tax like Europe — and that means large payroll and value-added taxes on the middle class,” says [Manhattan Institute economist Brian] Riedl.

Ms. McCaughey concludes:

Over the last 25 years, Congress has hammered out eight laws to control spending. All eight were tied to debt ceiling hikes.

At stake in this current debt ceiling struggle is preserving what sets the United States apart from Europe.

In the United States, working people get to keep most of what they earn and decide how to spend it.

Don’t let the Washington pols treat your paycheck as if it belongs to them.

The full column is here.  This might be one issue that might get better results in any upcoming vote –  with a call to your House representative; click here. 

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