South Carolina's governor says more debt isn't the answer.
Who bails out the "bail-outor"?
Washington is short on cash these days and will borrow every dime of the $150 billion to $300 billion for the "stimulus" bill now being worked on. Federal appetites may know no bounds. But the federal government's ability to borrow is not limitless. Already, our nation's unfunded liabilities total $52 trillion -- about $450,000 per household. There's something very strange about issuing debt to solve a problem caused by too much debt.
Gov. Mark Sanford (Republican, SC) asks probing questions. His is a lonely voice among the growing multitude of moochers in search of government hand outs.
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