On the recordMarch 13, 2013
The Simpson-Bowles Commission...came to the conclusion that on our present path this Nation goes bankrupt.
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congress.govThe Simpson-Bowles Commission...came to the conclusion that on our present path this Nation goes bankrupt.
Gregg warns about the unsustainable fiscal policy leading to national bankruptcy.
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To those still in denial, or even advocating steps that would make our debts even higher, please reconsider.
You know, the United States is one debt deal away from leading the entire world out of economic doldrums.
Had it been actually a legislative vehicle versus a commission, we probably would be out of the woods right now on our deficit and debt issues.
In the end, you have to pay the debt ceiling because otherwise the government can't function, and the effect of that would be catastrophic.