The most offensive claim made during the debt-ceiling controversy is that there's a moral equivalence between cutting government spending and raising taxes. President Obama asks for "shared sacrifice" to reduce the budget deficit. In his view, if the government spends more than it takes in - it currently borrows more than 40 cents of every dollar spent - the "balanced" approach is to "cut" spending and raise taxes.

There are quotation marks around "cut" for a good reason. No one - Republican House Speaker John Boehner included - wants to cut spending in the commonsense meaning of the term: namely, reducing government spending from today's level ($3.8 trillion). No, in Washington-talk, to cut a budget is merely to reduce the rate of increase that would have occurred in the future if current law were left unchanged.

If the politicians were honest - and reporters committed to telling the public the truth - they would talk about smaller increases in spending, not "cuts," but even that wouldn't be entirely truthful, because in many cases the reduction in future increases itself is an illusion. It involves merely canceling the authority to spend money that no one expects to actually be spent.

The lowest qualified bid by the most competent contestant traditionally wins the government contract. Unfortunately, the "Change" gang now wants to fiddle with this decades-old, generally reliable formula.

President Obama hopes to throw another item onto the scale as bureaucrats weigh bids: political donations. A draft executive order would instruct federal officials to consider the political contributions of prospective government contractors. While this move is being portrayed as a matter of increased transparency, it will actually fuel unintended consequences and indirectly overturn an important Supreme Court decision on free speech.

On May 26, 1776, John Adams - who represented Massachusetts at the Second Continental Congress - wrote exultantly to his friend James Warren that "every post and every day rolls in upon us independence like a torrent." Adams had reason for rejoicing, for this was what he and others had hoped and worked for almost since the Congress had convened in May of the previous year. It helped, to be sure, that George III had proclaimed the colonies in rebellion, and this encouraged the Americans to take him at his word. Later, George Washington proceeded to drive General Howe out of Boston. This demonstrated that Americans need not stand on the defensive, but could vindicate themselves in military strategy quite as well as in political.

However exciting to some, America was going through the difficult process of being born. In any event, the stage of history was being set. On June 7, 1776, Richard Henry Lee of Virginia introduced three resolutions calling for independence, foreign alliances, and confederation. Some wanted unity and voted to postpone the final vote for three weeks. This allowed time for debate and for the hesitant and fainthearted to come over or step out. In the meantime, Congress appointed a committee to prepare a "Declaration of Independence." This committee consisted of Benjamin Franklin, John Adams, Roger Sherman, Robert Livingston, and Thomas Jefferson.

Jefferson had come to the Continental Congress the previous year, bringing with him a reputation for literature, science, and a talent for composition. His writings, said John Adams, "were remarkable for their peculiar felicity of expression." In part because of his rhetorical gifts, in part because he already had a reputation for working quickly, in part because it was thought that Virginia - as the oldest, the largest, and the most deeply committed of the states - should take the lead, the committee unanimously turned to Jefferson to prepare a draft declaration.

Debt is slavery ... or at least indentured servitude of the worst kind. That looming mortgage, the high-interest credit-card debt, the short-term car loan - these are the forces that keep people from breaking free and taking action.

Ironically, debt begets more debt. According to FinAid, the average U.S. student-loan debt for a four-year-private-university graduate is nearly $36,000, and $24,000 for a public university. Throw in that first car loan and maybe a mortgage, and suddenly you're staring at hundreds of thousands of dollars in demoralizing claims on your future income.

At this point, most people figure: Hey, I'm already in debt up to my nose; might as well get in up to my eyeballs and buy a new plasma screen on credit.