The President has thus far proven he is unwilling to lead on spending cuts, and he has thus far proven unwilling to entertain reforming entitlements to ensure low-income seniors are protected, for example, while ensuring programs like Social Security and Medicare can endure for future generations.
Talk is cheap, but the consequences of continuing on today’s path of massive deficit spending will prove very expensive, if not downright ruinous, for future generations.
…Suggesting that the United States might default on its debt is factually wrong and shameful behavior on the President’s part.
Today, the U.S. debt clock hit $16 trillion. Compare that to the end of 2008, just days before President Obama officially took office, when the total federal debt was short of $10 trillion. That’s a 60 percent increase in the federal debt in less than 4 years! Now more than ever, Congress should get to work to rein in out-of-control spending and debt. The economic health of the American nation is at stake.