Washington is full of criminals masquerading as politicians. Extortion is something the government is well-versed in, considering it has been confiscating the hard-earned wealth of Americans for well over 100 years. However, the government calls it taxes, so the average person thinks that is okay even though it is morally wrong.
Individuals in the media are placing all the blame on the Tea Party for jeopardizing the full faith and credit of the United States. However, both parties destroyed that generations ago when they thought they could create false prosperity through deficit spending. Until the corruptocrats on both sides offer up concrete proposals to cut spending and pay down the national debt, the American people should get used to the federal government being shut down.
The U.S. government is broke and cannot pay its obligations; that is why President Obama is asking Congress to raise the debt limit. After years of reckless spending on both sides of the aisle, the government has racked up a total bill of $220 trillion-plus (the $16.7 trillion Americans see on the debt clock does not include the unfunded liabilities of Social Security, Medicare and Medicaid). Each year the unfunded liability portion of the national debt grows to the tune of $11 trillion. This independent analysis is based on the work of Laurence Kotlikoff, economic professor at Boston University.