Over at Ricochet, editor Jon Gabriel challenges the notion that America's fiscal crisis is over now that Washington has increased our debt limit. "America's fiscal crisis is not that our debt ceiling isn't quite high enough," Gabriel writes, "it's that we have too much debt."
WAY too much debt.
Check out this infographic to see just how deep of a hole we've dug ourselves into:
It's an imperfect analogy, but imagine the green is your salary, the yellow is the amount you're spending over your salary, and the red is your MasterCard statement. ...
When a conservative hesitates before raising the debt ceiling, he's portrayed as a madman. When Paul Ryan offers a thoughtful plan to pay down debt over decades, he's pushing grannies into the Grand Canyon and pantsing park rangers on the way out.
Forget sustainable — how is this sane?