Submitted by Don Hughes, Jan 8, 2007 15:55

About time a pay as you go rule was re-established to replace the BORROW AND SPEND FIASCO that's been in vogue since the Bush Administration came to power. Is the average American even aware that our debt is more than 8 trillion and the debt cieling will be raised again to accomodate more than 9 trillion.

To put it in perspective, in outer space terms we owe and pay interest on about one and a half light years in dollars--light travels at 186 thousand miles per second or about 9 trillion miles in a year.

There is not a family in the world that could or would want to conduct their financial affairs the way the US government does. More and more of the debt we are amasing is owed th foreign central banks to include China, Japan and middle eastern countries----tell me how this is good for us??

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