Just imagine an undisciplined out-of-control spender whose credit limit has just been extended. In other words, they can continue overspending without any accountability. That “they” is the U.S. government.◼ CENSUS: 49% of Americans Receive Gov't Benefits... - CNS
It’s been almost a week since Congress reached a temporary deal to suspend the U.S. government’s debt ceiling and the Treasury department has already wasted no time by adding another $375 billion in new debt.
Suspension of a cap on U.S. debt, which was previously fixed at $16.69 trillion, means the Treasury department, headed by Jack Lew, can effectively spend whatever amount of money it needs or wants.
How much debt can the U.S. government rack up by the next debt ceiling deadline on Feb. 7, 2014? At the current spending pace of $375 billion per week, U.S. public debt would reach $22.70 trillion.
◼ REPORT: U.S. Spent $3.7 Trillion on Welfare Over Last 5 Years... - Daniel Halper/Weekly Standard
◼ Administration fights to keep food stamp payments secret... - Josh Gerstein/Politico
South Dakota's Argus Leader newspaper urged a federal appeals court Wednesday to reverse a ruling blocking the newspaper from receiving data on how much the federal government pays to stores that redeeem food stamp benefits.
"The Argus is not asking for the invoices. They’re asking for the payment information. All we’re really doing is asking: how does the government spend its money in this instance?" Arneson told the three-judge panel sitting in St. Paul, Minn. "Because of the way FOIA is intended to be applied, we’re entitled to the benefit of the doubt. If there’s doubt here, the Argus is entitled to that benefit."
