The Hill News

After a year in which the country was on the verge of declaring bankruptcy and the federal deficit surpassed the $1 trillion mark for the third straight year, you would think that the number-one priority for the president and Congress would be to put America’s fiscal house in order. But instead, both sides seem content to sit on their hands -- at least until the election is over -- while the Treasury issues more and more IOUs.

That’s unfortunate, because the most important issue facing our nation is our worsening debt situation, and we are rapidly running out of time in which we can restore fiscal sanity on our terms, rather than allowing an economic fiscal crisis to occur.

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