Dealing With Debt: “ it is immoral for governments to make promises they cannot fulfill”

Dealing With Debt — and Stewardship 

by Kathryn Jean Lopez

They want to revolutionize how people think about 

and operate as Catholics in public life

“This coming month and every month to come, more or less, this government will spend $300 billion a month. That’s a lot of money. It’s more than any government has ever spent in the history of man,” Florida’s Republican Sen. Marco Rubio said in a closing speech on the floor of the U.S. Senate, before August recess.

The speech came at the end of the Treasury-declared Aug. 2 deadline debt-ceiling debate in the Senate and helped put the whole fight in some context.

“$180 billion of that $300 billion is money that we collect from the people of our country through taxes and fees and other ways,” Rubio, a freshman senator, continued. “But we borrow $120 billion a month to pay our $300 billion-a-month bill.”

“And that’s just too much money,” he said. “That’s too much money for Republicans; it’s too much money for Democrats. It’s just too much money.”

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