News New Mexico Starts Year # 2

Knowing our federal government was spending money in the most irresponsible way imaginable, the News New Mexico staff gathered data each month for the past year on how much money was being borrowed on behalf of every single taxpayer in the nation. The numbers were tallied last night and the news is horrifying.

Since July 1, 2010 the government has borrowed $10,817 for EVERY single taxpayer in the U.S. That amounts to $1,802 per month for every married couple in America who pays federal income tax. The time has long since passed to ask who can do a better job of deploying this money. Do the people paying taxes need the federal government to act as procurement agent with borrowed money? This is what the debt ceiling showdown is all about. Any inferences that this ridiculous situation is being caused by rich people, rich oil companies, or rich jet owners is a diversion away from reality.