Federal Reserve Chairman Ben Bernanke seemed to be channeling Chicken Little when he warned congressional Republicans that any delay in raising the debt ceiling beyond the current $14.3 trillion cap could have “catastrophic” consequences. Continuing America’s borrowing and spending addiction will have even greater catastrophic consequences, but people in government don’t think this way. For them, all government spending is good spending and any attempt to begin the arduous process of restoring fiscal responsibility is viewed by those with vested interests as greedy, selfish and unsympathetic toward the needs of others.

Perhaps advocates of unlimited spending might tell us how much is enough if they can’t live on $14.3 trillion?