Bill Archer: “But this debate is really not about Social Security, and it is not about default. It is about our Nation's debt. Our…”

“But this debate is really not about Social Security, and it is not about default. It is about our Nation's debt. Our debt stands at over $4.9 trillion and growing. For a family of 4, their share is $72,000, increasing each week by $89, each month by $383, and each year by $4,594. Sometime, someday, someone has to pay this debt, and that someone is today's younger workers, their children, and their children's children. What do the Democrats want to do with this debt problem? They want us to respond by sending more debt to our children. It is business as usual. They want us to pass a so-called clean debt limit. Most of them do not support a balanced budget, and they want to borrow our Nation's way into deeper debt and eventual bankruptcy and default, and that is why we believe it is highly appropriate to attach to the 1995 debt limit bill legislation that puts a down payment on deficit reduction and tax relief. Their strategy is borrow, default and blame Republicans.”