In January Republican House leaders called on their members to authorize spending $700 billion above anticipated revenues in this fiscal year. On Wednesday, February 13, Speaker Boehner will call for a vote to raise the debt ceiling to pay for that spending and says he will count on the support of most Democrats to pass it.
Like many Americans, I believe that the federal government borrows far too much. My book, to be released on April 1, explains in detail why. But members of Congress are guilty of crass hypocrisy when they vote spend money greater than available tax revenues and then to vote against use debt to pay the obligations. That is like a person who orders food at a restaurant, knowing that he or she does not have the cash to pay, and then protests when asked for a credit card.
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