WND column

The Debt Still Lingers

As the media and political world continue to occupy themselves with the Republican horse race, the elected representatives of both the Republican and Democratic parties are quietly continuing to spend the nation deeper into the debt abyss. While the amusingly misnamed Budget Control Act of 2011 was supposed to settle the debt-ceiling discussion until after the presidential election this November by increasing the amount of permissible debt by at least $2.1 trillion – a mere 14 percent of American GDP – the speed at which the Congress and the administration have been whipping out the government credit card means that there is a reasonable chance that they will burn through that additional debt in barely one year.