Six reasons why Members of Congress, the Obama Administration, and others in Washington avoid the path to financial stability in favor of big spending…

6 Reasons Why the National Debt Keeps Rising

by 

Josh Shepherd (Morning Bell)

Out-of-control spending by Congress and the Obama Administration has once again maxed out the latest debt limit—a nearly $17 trillion burden that harms job growth, gives special interests a pass, and lowers American families’ personal income.

Inspired by Dave Ramsey’s recent post “6 Reasons People Stay in Debt,” we compiled six reasons why Members of Congress, the Obama Administration, and others in Washington avoid the path to financial stability in favor of big spending…

1. They want to keep up appearances.

2. They are unwilling to sacrifice even wasteful spending.

3. They fear changing “business as usual” in Washington.

4. They’re addicted to stuff.

5. They don’t know how to see long-term.

6. They lack the courage to lead on spending reform.

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