A $2.7 trillion budget plan pending before the House would raise the federal debt ceiling to nearly $10 trillion, less than two months after Congress last raised the federal government's borrowing limit. The provision — buried on page 121 of the 151-page budget blueprint — serves as a backdrop to congressional action this week. (Washington Post, Tuesday)
We owe it to ourselves.
FEE Timely Classic
The Dogma of Our Times by Frank Chodorov