An Open Letter to Washington on the Debt Ceiling



Over at Forbes, there is a pithy letter to our D.C. politicos on the debt ceiling. Here is a snippet:

The upcoming debt ceiling fight isn’t just about “paying our already committed bills,” as the President suggested in his most recent press conference. It’s about addressing the underlying causes of our debt and quitting our spending addiction before it poisons the economy for future generations.

A clean debt ceiling raise with no budget proposals or spending cuts will create an incentive for Congress to continue spending with reckless abandon. In other words, Washington is bleeding internally while the doctors in Congress are squabbling over what Band-Aid to put over the bullet wound.

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