I heard a sound-bite from President Obama on the radio this morning explaining how not getting rid of the debt limit is irresponsible because we shouldn’t put government in the position to default on its obligations.
A simple question that any news reporter should ask:
Mr. President, Wouldn’t it be correct to say that it’s government spending that has put the government in that “irresponsible” position?
Follow-up question: Wouldn’t it be irresponsible to continue borrowing to spend?
By the way, government debt is $15 trillion, which is 3 times the $5 trillion debt in place with W. took office and more than 50% higher than the $9 trillion when Obama took office.