The Hill News

As the debate over the budget begins, all sides must acknowledge one sad and inescapable fact: Every dollar Congress spends is borrowed money. More specifically, each of the $2.23 trillion dollars that the Treasury takes in this fiscal year will go directly to pay for entitlement programs and interest on our massive, spiraling debt. Worse still, the federal government will need to borrow $105 billion to cover existing obligations before the fiscal year has even begun.

The Obama Administration's profligacy - evidenced by a $3 trillion increase in the national debt and a nearly 50% increase in spending - has made the hole cavernous. The only way we can begin to dig ourselves out of it is to cut spending immediately and drastically, which is exactly what House conservatives have done.

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