The Federal Government Borrows 46 cents Out of Every Dollar it Spends

After all of his seemingly endless campaign stops and harsh rhetoric about the rich not paying "their fair share," it turns out that the president’s proposed tax hikes on “the rich” will only raise enough revenue to run the government for about eight days. But that doesn’t really matter, of course, because it’s all about “fairness.” In other words, if Washington lawmakers are serious about reducing the federal deficit -- as they claim to be -- the real solution is that they must stop borrowing and spending money we don’t have. We cannot carry on like this indefinitely:
The federal government borrowed 46 cents of every dollar it has spent so far in fiscal year 2013, which began Oct. 1, according to the latest data the Congressional Budget Office released Friday.

Read more: http://townhall.com/tipsheet/danieldoherty/2012/12/09/great_the_federal_government_borrows_about_46_cents_out_of_every_dollar_it_spends