Rep. Nancy Mace: Let's talk about US government debt – and how to fix this mess
Fox News
When consumers "default" they can lose their homes or other valuable assets and creditors come after them. When the federal government does it, D.C. just raises its limit to limitless.
It’s past time we downgrade the federal government’s unlimited platinum card to one with a credit limit.
When consumers "default" they can lose their homes or other valuable assets and creditors come after them. When the federal government does it, D.C. just raises its limit to limitless. No credit card company would ever do that for the average person, yet the federal government has done it 98 times since World War II. Washington is never held accountable and there is no incentive to spend responsibly.
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