- The Washington Times - Friday, August 5, 2011

ANALYSIS/OPINION:

The debt-ceiling deal has been sold to us by our Washington politicians and the national media as spending cuts greater than increased debt. I’ve heard some big lies, but that may be the biggest.

If the cuts are greater than the increased debt, why do we need to increase our debt? The truth is that the cuts are spread out over 10 years, and the borrowed money will be spent in about 1 1/2 years at the rate our government is spending. The government will then want to borrow much more long before most of the cuts have been made. Without fiscal sanity, this will end very badly.

Uncle Sam needs to put down what he’s smoking and look in the mirror. We’re all in this together. Too many of our Washington politicians will never think they have enough of our money to spend.

TIM SWAHA

Niagara Falls, N.Y.


Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide