Congress is working on a debt agreement and let’s hope they come up with something thoughtful and substantial very soon. $14 trillion is a lot of money to be in hock and borrowing more to meet obligations seems scary, stupid, and immoral. What will we be leaving our children? A trashed planet and hyperinflation?

There are two sides to every budget equation: income (taxes) and expenditures. Like any business, America will have to try to push both levers by raising taxes and cutting spending. But who and how do you tax and what programs do you cut? The military and healthcare are the biggest cost items in the budget. Getting out of Iraq and Afghanistan seems not only moral, but prudent.

The video below is of interest to us all:

Watch the full episode. See more Religion & Ethics NewsWeekly.

Tags: Alan Simpson, Alice Rivlin, budget, Jim Wallis, Michael Gerson, moral budget, Paul Ryan, Sister Simone Campbell, Tony Hall