Immediate Word

As August 3rd approaches, our government leaders are locked in a struggle over how to keep America from defaulting on its debts. That date, we are told, is the drop-dead point by which Congress must raise the debt limit in order to avoid catastrophic consequences. Yet the president and our representatives are still quarreling over what is the best mix of measures to get our budgetary house in order. While the haggling continues over whether to include tax hikes in addition to spending cuts, it seems that everyone agrees that we have been spending beyond our means.