Should the federal government cut spending? Put that question to the American people and you’re likely to get a “yes” in response. A recent poll by Rasmussen Reports found that 65 percent of Americans believe that cutting spending will help to ease the nation’s economy woes.
Unfortunately, the president and his allies in Congress have refused to entertain significant cuts to Washington spending. The president’s misguided position was perhaps best encapsulated when he told House Speaker John Boehner that “we don’t have a spending problem.”
This is a far cry from the president’s position four years ago, when he expressed concern about spending and pledged to cut the federal budget deficit in half by the end of his first term. That didn’t happen. Instead, historically high deficits continued at more than $1 trillion each year, and today the national debt has ballooned to nearly $17 trillion.
These basic facts reflect a disturbing reality. Runaway federal spending is threatening the strength of our economy—as well as our nation’s ability to defend itself and protect freedom around the world.
You’ve seen the economic statistics. Since President Obama took office, our country’s national debt has grown by nearly 50 percent. The national unemployment rate is 7.6 percent, only slightly lower than when the president was elected, with millions of Americans having exited the workforce and given up seeking employment. The economic growth that fuels prosperity continues to be elusive.
Read more at Townhall.com. By Lee Crognale.