Credit Agencies Say We Can’t Afford Path We’re On
The debate over the debt limit is not a debate over whether or not the government should pay its bills. The President is trying to spin this debate by saying, “We can't not pay bills that we've already incurred.” But the nation’s credit agencies have pointed out the obvious: without spending cuts, it is guaranteed that the government will be unable to pay its bills at some point. The choice is between making reasonable reforms now or postponing the day of reckoning to whenever markets decide that the U.S. government is no longer worthy of confidence. President Obama has already added nearly $6 trillion to the national debt – the time has come for spending restraint. Middle-class taxpayers – and young Americans – deserve real spending solutions and real results.