Saturday, January 19, 2013

We're on the Road to Bankruptcy thanks to President Obama

President Obama wants a clean hike in the debt ceiling and insists he is doing substantial work to reduce our debt and deficits. But both of those ideas are pure fantasy, according to one of the top Republicans on the House Budget Committee. 
Rep. Tom Price, R-Ga., is vice chairman of the House Budget Committee and a member of the House Ways and Means Committee. He told WND while Obama is correct that a debt-ceiling hike is in response to existing expenses, there’s no reason our massive deficits have to continue. 
[...]
Price categorically rejects Obama’s assertion that his administration has taken great strides in cutting spending over the past four years. 
“All you’ve got to do is look at the numbers and appreciate that that is not the case,” Price said. “This is an administration that has been in charge when we’ve had the largest increase in absolute debt to our nation in a four-year period of time ever, $4 trillion-plus deficits for each of the four years that he’s been in office. And his budget continues that process.”
Read the whole article HERE and listen to the Tom Price interview below:



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