Government ‘Can’t Continue To Exist’ With This ‘Irresponsible’ Federal Spending, Boehner Says

Capitol Hill (CNSNews.com) – While Congress has voted to raise the national debt ceiling to $12.4 trillion, the Government Accountability Office (GAO) has reported that the federal government’s unfunded liabilities – the costs of promised benefits through Social Security, Medicare, Medicaid, and several other programs – total $62.9 trillion in today’s dollars.

House Minority Leader John Boehner (R-Ohio) speaks outside the U.S. Capitol. (AP Photo)

When asked about these costs and the government’s entitlement promises to the American people, House Minority Leader John Boehner (R-Ohio) told CNSNews.com that it is “irresponsible” for the federal government to continue to spend money it does not have and that this issue will be the “most important thing” Congress will discuss next year.

“I said on the floor last night, American families can’t spend more than what they bring in for 36 of the last 40 years,” Boehner told CNSNews.com at his weekly briefing. “No business in America can exist that spends more than it brings in for 36 of the last 40 years, and certainly, our government can’t continue to exist if we continue to spend money that we don’t have.”

“This is irresponsible,” he said. “There needs to be a plan put in place that will bring our budget under control and in the green, and we need to find a way to begin paying down the national debt.


“This is probably the most important thing that you’re going to hear discussed here in Congress next year,” Boehner said, “how to get our arms around this and begin to make real progress on making sure that our kids and grandkids aren’t stuck with all of our bills.”

In its “Long Term Fiscal Outlook” report, the GAO states that “absent policy actions aimed at reforming the key drivers of our structural deficits – health spending and Social Security – the federal government faces unsustainable growth in debt. The longer that action to deal with the federal government’s long-term fiscal outlook is delayed, the greater the risk that the eventual changes will be disruptive and destabilizing.”

The White House has projected a record deficit of $1.5 trillion this year alone and a 5-year deficit total of $4.97 trillion. When there is a deficit, the Treasury has to borrow the necessary amount of money for the government to pay its bills.

According to the government Web site Treasurydirect.gov, the national debt is considered a collection of “accumulated deficits.” The federal government currently raised the debt ceiling from $12.1 trillion to $12.4 trillion to allow the federal government to spend more money.

Rep. Paul Ryan (R-Wis.) has said that to deal with this situation the government must either reform the entitlement programs or eventually impose massive tax increases on American workers.

“For the last 40 years, the federal government has had to tax every dollar made in America at 18.3 cents on that dollar to pay the bills of the federal government,” Ryan told CNSNews.com in a previous interview.

“By the time my three children – who are three, five and six years old—are my age, the federal government will have to tax 40 cents out of every dollar made in America just to pay the bills for the federal government at that time,” he said.

Ryan said these statistics are evidence that the government will ultimately go bankrupt.

“The problem that we have right now – putting foreign policy aside and our fight with Islamic radicalism – is that we have an economic crisis, we have a fiscal crisis, and, that is, we will bankrupt this country, and the best century in America will be the last century,” he said.

While speaking to the American Association of Retired Persons (AARP) in July about the need to pass the Democrats’ health care plan, Vice President Joe Biden said the government must keep spending to avoid bankruptcy.

“Folks, look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said, concerning the current health care system in America. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially.

“We’re going to go bankrupt as a nation,”

Biden said.
“Now, people, when I say that, look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.”

Source: CNS News.com, December 18, 2009
By: Nicholas Ballasy, Video Reporter

Views: 67

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Burbia posted a photo
16 hours ago
Millie P. Carlos is now a member of 12160 Social Network
yesterday
Sandy posted videos
yesterday
Burbia commented on Ragnarok's video
Thumbnail

Charles Manson Talks About The Global Elite

"Another group of people that get disregarded are the the Process Church.  Deaths and strange…"
Sunday
Sandy posted a video

Captain fantastic scene (Bill of rights)

Scene from the movie "Captain fantastic"Uploader does not claim ownership of any of the footage used in this video. All credit goes to the respective owners ...
Saturday
tjdavis posted photos
Saturday
tjdavis posted a video

The UK Has Just Reached It's Boiling Point - Ricky Gervais

Ricky Gervais - Frustration still there a year on.Nicholaswatt reports what he has been told by a parliamentary veteran, who warns: "'My constituents feel th...
Saturday
Doc Vega posted a blog post

Terrorized on a 3 Day Weekend

 We had a holiday weekend coming up. My ex, whom I was sharing custody with was off for her…See More
Friday
Sandy posted videos
Thursday
Sandy replied to Sandy's discussion Sick sci-fi sex fantasy written by Epstein's first benefactor people say inspired his twisted island... before author's SON ended up arresting him
"Interesting. I always thought he was still alive. Probably given some plastic surgery and a witness…"
Thursday
WIllow is now a member of 12160 Social Network
Aug 7
Burbia commented on Less Prone's video
Thumbnail

Sydney Sweeney Has Great Jeans - Outrage AI Parody Song

"Props to Schottenstein on his foray out of the woods that was DEI and wokeness. "
Aug 7
Burbia replied to Sandy's discussion Sick sci-fi sex fantasy written by Epstein's first benefactor people say inspired his twisted island... before author's SON ended up arresting him
"One of the theories floating around was Hilary Clinton's brother Hugh, was the one…"
Aug 7
Sandy posted a discussion
Aug 7
Doc Vega posted blog posts
Aug 6
Less Prone favorited Sandy's video
Aug 6
Less Prone favorited tjdavis's video
Aug 6
Less Prone posted a video

Sydney Sweeney Has Great Jeans - Outrage AI Parody Song

AI Parody Music Video poking fun at the online hysteria surrounding Sydney Sweeney's American Eagle jeans campaign.✅ Blue jeans✅ Blonde panic✅ DEI gone wild✅...
Aug 6
tjdavis posted a video

How "Free" P*rn Sites Really Work (and Who Runs Them)

Excerpt from This Past Weekend w/ Theo Von #559 Laila MickelwaitFull Episode: https://youtu.be/9J7187j4PO4?si=2GUNymssKJpe6nEvFind Theo Von:Website: https://...
Aug 5
tjdavis posted a blog post
Aug 5

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted