If you were to stop some average, sign-wielding Tea Party protesters and ask them about the state of the U.S. economy, they would likely throw up a clunky comparison to household economics: If you’re borrowing more than you’re earning, you will eventually drown in a sea of debt. The only way to get back on track is to spend less and start paying the debt back. It is fundamentally irresponsible to spend what we don’t have, so we must cut spending to reduce the debt.
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