Reform Party national chairman David Collison called the debate between Democrats and Republicans on raising the nation’s debt ceiling another reminder that the country is faced with a deficit in leadership on the most critical economic issues.
“The Democrats and Republicans continue to prove to the American people that they are incapable of addressing the $14 trillion debt they created,” said Collison. “This is a debt that has grown by over $10 trillion in less than 20 years, and neither party has a plan to make it stop. Well, it needs to stop. We cannot afford to keep raising the debt ceiling and sacrifice the future of our children and their children.”
Collison added that the Reform Party believes that the American economy cannot withstand the poor leadership of the Democratic and Republican parties any longer. “The only way America will balance our budget and end our out of control debt to China, once and for all, is through shared sacrifice by ALL Americans, an end to corporate welfare, serious across the board spending cuts and elimination of special interest budget projects, along with addressing serious structural economic issues in America.”
Collison noted that none of the current proposals by either side would do anything to keep the national debt from reaching $20 trillion in less than ten years and will not keep debt payments under $800 billion in the same time frame. Current government projections have payments on the national debt approaching 80 percent of all revenues in the coming years, which will make funding the nation’s military, social security and other key programs impossible . . .