How can we not be worried about our nation’s debt crisis?
As I write this, all the politicians in Washington, D.C. are scurrying around trying to take some kind of action to prevent our nation from defaulting on our loans on Aug. 3. Without congressional action to raise the U.S. debt ceiling, we won’t be able to borrow more money. This appears to mean folks would not receive their Social Security checks or veterans’ benefits.
This is a problem because our federal government now borrows 40 cents of every dollar it spends.