Insolvent!

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The late Edward Bennett Williams, lawyer and owner of the Washington Redskins, once said of his coach, George Allen: “I gave him an unlimited expense account and he exceeded it.”

That is how many Americans feel about the federal government. Though it has unlimited possibilities for spending, it regularly exceeds them. Who lives like this? Who could? When your credit card debt is too high, you have to pay it off and reduce spending. Government lives in an alternative universe, declaring that while debt is bad, we have to incur more debt in order to get out of debt. Try that argument when MasterCard calls to say you’re over your limit.

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