Debt Ceiling Debate Shows True “Deficit” Is With Democratic and Republican Leadership

Reform Party national chairman David Collison called the debate between Democrats and Republicans on raising the nation’s debt ceiling another reminder that the country is faced with a deficit in leadership on the most critical economic issues.


“The Democrats and Republicans continue to prove to the American people that they are incapable of addressing the $14 trillion debt they created,” said Collison. “This is a debt that has grown by over $10 trillion in less than 20 years, and neither party has a plan to make it stop. Well, it needs to stop. We can not afford to keep raising the debt ceiling and sacrifice the future of our children and their children.”


Collison added that the Reform Party believes that the American economy cannot withstand the poor leadership of the Democratic and Republican parties any longer.


“The only way America will balance our budget and end our out of control debt to China, once and for all, is through shared sacrifice by ALL Americans, an end to corporate welfare, serious across the board spending cuts and elimination of special interest budget projects, along with addressing serious structural  economic issues in America.”


Collison noted that none of current proposals by either side would do anything to keep the national debt from reaching $20 trillion in less than ten years and will not keep debt payments under $800 billion in the same time frame. Current government projections have payments on the national debt approaching 80 percent of all revenues in the coming years, which will make funding the nation’s military, social security and other key programs impossible.


“Unfortunately, both side have waited until the last moment to try and deal with the most complex issue facing the country,” Collision said. Calling such a move “totally irresponsible governance,” Collison called on all Americans upset with the continued status quo to contact the Reform Party to help build a strong alternative to Democrats and Republicans running for elected office.


“Right now,” Collison said, “we have Democrat and Republican politicians that are more concerned about elections than the best interests of the American people or the financial future of our country. We need people committed to honest leadership and new ideas to unseat these lawmakers before they do more damage.”  The problem exists because only two extreme positions are represented at the table.


The public needs the Reform Party, a balanced party, focused on practical, American solutions – not political ideologies.


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The Reform Party has been on record opposing a raise in the nation’s debt ceiling since January of 2011: