Paulson: US should boost debt limit

Treasury Secretary Henry Paulson on Monday said the United States may be unable to pay its bills this fall unless Congress raises the government's borrowing authority, now capped at $8.965 trillion.

Now think about that.

The government may not be able to pay its bills unless it borrows more money.

There is no logic to the madness.

Financial responsibilty is really very simple: do not spend more than you bring in.

Never get out of debt here.