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- Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill
Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill
by John W. Whitehead and Nisha Whitehead The Rutherford Institute
We’re not living the American dream.
We’re living a financial nightmare.
The U.S. government is funding its existence with a credit card.
The government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones being forced to foot the bill for the government’s fiscal insanity.
According to the number crunchers with the Committee for a Responsible Federal Budget, the government is borrowing roughly $6 billion a day.
As the Editorial Board for the Washington Post warns: