Tuesday, April 5, 2011

Coburn: Shutdown Of Economy?

Senator Tom Coburn
By Senator Tom Coburn In The Washington Post ~ With a budget deadline looming, politicians in Washington are flirting with a shutdown, not of the government but our economy.

In the face of what Erskine Bowles, co-chair of the president’s own fiscal commission, frequently calls the most predictable crisis in our history, the alarm bells have not yet rung in Washington.

Here’s some perspective on this week’s debate: When our grotesquely obese government is borrowing $4.1 billion a day in order to function, the $29 billion gap between the House-passed continuing resolution and a possible compromise is enough to fund the government for seven days. Seven days.

Share |