As America’s Debt Nears $17 Trillion, Top Republicans Say the Debt Crisis Is Not ‘Immediate’
March 18, 2013 - 9:07 am
If John Boehner and Paul Ryan were to play chess against Barack Obama, both would find a way to give away the queen on the opening move.
The nation does not have an “immediate” debt crisis, but a “looming” one which requires attention from lawmakers right now, House Speaker John Boehner (R-Ohio) said in an interview broadcast Sunday.
“We do not have an immediate debt crisis,” Boehner said on ABC News’s “This Week With George Stephanopoulos.” “But we all know that we have one looming. And we have — one looming — because we have entitlement programs that are not sustainable in their current form. They’re gonna go bankrupt.”
Boehner wasn’t alone. Paul Ryan disappoints just as much.
Rep. Paul Ryan (R-Wis.), the chairman of the House Budget Committee, echoed Boehner’s position on the nation’s debt on Sunday.
“We do not have a debt crisis right now, but we see it coming,” Ryan said on CBS News’s “Face The Nation.”
Our credit has been downgraded once already, and may be downgraded again.
We have piled up half a trillion in new debt just since the political parties held their conventions last year.
We’re borrowing about 46 cents out of every dollar our government spends. And we haven’t even had a national budget for more than 1400 days now.
If this isn’t a crisis, what is?
Boehner and Ryan need to rip a page from the Democrats, but they won’t.
The Democrats have made an art of turning everything into a crisis. They and their allied advocacy groups build a case that something is a crisis that demands action. Then once the case is built, with ample assists from the media, they get the action they’re pushing. ObamaCare is only the most recent example. Democrats sold America that our health care system, the best in the world, was in a state of “crisis” for decades. It wasn’t. It is now, though, thanks to ObamaCare.
We have an actual spending crisis, right now. Excessive government spending is not only building up too much debt now, it’s robbing the economy of the future. It’s weakening us economically, which weakens us militarily. But the president and the Democrats only want to keep taxing and spending more and more money, building up more and more debt. They’re turning a 2% cut in the rate of growth of government spending into a crisis right now. Democrats will not cut spending. They have to be called out for this.
It’s not difficult to paint this picture in the bold colors that the current media environment demands: If we continue down the path we’re on, or accelerate on it as the Democrats want, we will go bankrupt. China will overtake us economically and the world will become a much more violent and dangerous place as the US cedes leadership. The government will begin confiscating Americans’ savings, 401ks and other assets to pay its debts. What’s happening in Europe now can and will happen here. The Democrats have already signaled their belief that tax cuts amount to government spending. That means they believe that your property is really theirs. Once the notes on their debt come due, they’re going to hit up average Americans to pay them. Where else will they go?
Current Republican leaders who either can’t or won’t make the case that the Obama-Democrat spending addiction is a massive threat to our country need to step aside.