As tensions about raising the $31.4\u002Dtrillion U.S. debt ceiling build, headline that should be flashing is that our country isn\u0027t working.
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One of the outcries that fueled the American revolution was taxation without representation. But this is exactly what is going on today. Who is on the line for these tens of trillions of debt? You and me. The last thing Congress did before shutting down in the last session was pass another $1.7 trillion in spending. There were no taxes to pay for this. It gets layered onto the huge debt, which is on you and on me.As economist Milton Friedman once said, “There is no such thing as a free lunch.” We pay for everything.
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