America cannot afford for Washington to continue its profligate spending

Published October 20, 2013 4:00am ET



Leaders in Congress found a red line they would not cross in the budget deal just passed: a new Obama administration red line keeping the country mired in deficit spending.

Faced with the false choice of default on the nation’s debt or unchecked spending (fueled by a blank check from taxpayers), congressional leaders chose to raise the debt ceiling and postpone tough decisions.

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