It’s common wisdom that you can get in trouble by giving someone a signed blank check or running up your credit card debt beyond your ability to repay. It’s bad enough when one makes this mistake and then has to face the consequences. We have a more dangerous situation. Our Congress, has (in effect) our credit card, and they are spending at will, as though they were representing us. Further, they are preparing to raise the credit limit by $1.8 trillion. Because they have the power to write the laws by which this process is governed, they are more nefarious than any identity thief.
I recommend this short Heritage Foundation video
Tags: carte blanche, Congress, credit card, debt, debt limit, theft
