US News & World Report’s Mortimer B. Zuckerman wrote an article called “The Most Fiscally Irresponsible Government in U.S. History.” In the article he states:
“current budgetary trends are capable of destroying the country. . . . We can’t just tax our way out of this. We have to . . . cut spending or increase revenues in some combination that will begin to pull us back from the cliff. Obama must know that if he doesn’t address this, he will be the president who drove us toward a debt crisis. And so too must Congress, for both have now participated in the most fiscally irresponsible government in American history.”
Here are some other stories that prove Mr. Zuckerman’s point:
- Chairman of the Joint Chiefs of Staff says: “National Debt is a Security Threat“
- “Summer sizzles, economy fizzles“
- “Bad statistics for summer employment for youth”
- “Fed’s capacity to stimulate economy is limited“
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