John Stossel: The flood of federal spending continues
Yet when Congress and President Obama agreed on a deal last week to raise the debt ceiling and resume government spending, people reacted as if a disaster was averted — instead of reacting as if a disaster had resumed. It has. And it continues.
As with alcoholics, there's a deeper problem here. It's not just that America is addicted to debt. Everyone agrees we should pay our bills, just not when or how. The deeper addiction is to government.
I'd forgotten that when Obama campaigned for the presidency, he was very upset about his predecessor's deficits. Sen. Obama complained, "The way Bush has done it over the last eight years is to take out a credit card from the bank of China. ... We now have over $9 trillion of debt that we are going to have to pay back. ... That is irresponsible."
John Stossel is host of "Stossel" on the Fox Business Network, and the author of "No They Can't! Why Government Fails, but Individuals Succeed."
READER COMMENTS: 1
- Where is Benghazi? Kuster's refusal to stand - 42
- UNH's logo: Hip ... for now - 3
- Bird blenders: 'Green energy' sacrifice - 9
- Joseph W. McQuaid: Prizes & playoffs: Well done, UNH - 2
- Where’s Waldo? Just ask the NSA - 13
- Joseph W. McQuaid: Keeping public in the dark isn't helping find Abigail - 26
- The Peace Light: A Christmas reminder for all - 0
- Doing 'less with less' Is that Gov. Hassan's new motto? - 11
- Washington Jeanne: Will Shaheen face her state? - 44
READER COMMENTS: 0
- Dartmouth skaters dealt another close loss - 0
- Gaming authority offers regulatory structure - 0
- Portsmouth man gets prison for sex assault of disabled woman - 0
- Wolfeboro nursing home evacuated after minor chemical spill - 0
- Dover woman admits to bank robberies in two states - 0
- Motorists injured in two car collision on Route 9, Spofford - 0
- Arrest made in attempted robbery of Littleton gas station - 0
- Ex-Littleton man sentenced to prison for DWI crash - 0
- Greenfield planners seek input on Heritage District plan proposal - 0
Symphony NH plans pair of holiday events
Driver was trying to kill himself
NH reps eyeing budget deal
Decision to tap F&G habitat fund explained
Big tipper stops for lunch
Keene to appeal Robin Hood rulings