Q&A on the Federal Debt Ceiling Print News Releases - Business &
Economy Written by Sen. Charles Grassley    Tuesday, 24
September 2013 11:40  by U.S. Senator Chuck Grassley  Monday,
September 23, 2013  Q:           Why is the federal government
expected to reach the debt ceiling yet again?  A:            The
simple answer:  Washington spends too much.  Think of it this
way.  How long could your household operate by spending more
money each day every day that outstrips your earnings, savings
and investments?  That’s basically what Uncle Sam does 365 days
a year.  Month after month, year after year, Washington spends
beyond its means.  American households must make tough choices
to cover shortfalls in their budgets.  That includes:  stop
spending money you don’t have, earn more take-home pay or take
on debt.  Borrowing money to bridge the gap also means paying
more at the end of the day to cover the interest on the loan. 
That’s exactly the hole into which Washington has dug itself. 
The U.S. government pays $