It would be both cruel and unfair to make a 7-year-old girl pay off $50,000 she had no part in borrowing. Yet President Obama plans to do that and worse in his newest budget.
We hear every day from people who want Washington to cut spending and stop borrowing from their children. President Obama either doesn’t hear them or isn’t listening. He proposes huge tax increases, yet his budget still never balances and the borrowing never stops. This is a path to fewer jobs and fewer opportunities. As the sorry state of the Greek economy proves, you pay for borrowing too much, either sooner or later.
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