Business

Debt Wish: Debt on Arrival

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@stevenfoley

A former U.S.Marine, he is the Creator of The Minority Report Network. He is also the Founder and Managing Editor of the Network’s flagship site, www.theminorityreportblog.com, Former Director of New Media for Liberty.com, Former Director of New Media for Liberty First PAC, and the Former Chief Managing Editor of 73Wire.com. Steve is a well respected national conservative blogger who’s dedicated the past several years of his life advancing conservatism online. Recently Steve was instrumental in the development of Liberty.com, Liberty First PAC, The Patriot Caucus, the national campaign trail and grassroots news site73wire.com.

Debt Wish: Debt on Arrival

If there’s one thing our leaders in Washington demonstrated in the last two months, it’s that they aren’t up to the job of addressing their overspending problem. After creating the fiscal cliff as a delaying tactic more than a year ago, they simply chose to delay further with the recently passed deal. As Congressional leaders pat themselves on the back and the president vacations in Hawaii, it’s clear our fiscal trajectory isn’t slowing down—it’s accelerating thanks to their irresponsible decisions.

Here’s what they’re saying about the fiscal cliff deal …

No Spending Cuts:

  • The Atlantic: “There Are No Spending Cuts In This Deal.” (Derek Thompson, “Fiscal Cliff Deal FAQ: What Just Happened And What It Means For You,” The Atlantic, 1/2/13)
  • The New York Times: “And It Includes Almost No Spending Cuts.” (David Leonhardt, “For Obama, A Victory That Also Holds Risks,” The New York Times, 1/2/13)
  • The Associated Press: “[The Fiscal Cliff Deal] Puts Off The Toughest Decisions About Spending Cuts…” (Charles Babington, “Analysis: Cliff Deal Is Another Pain-Free Punt,” The Associated Press, 1/3/13)

Fails To Deliver On Debt Reduction:

  • The Washington Post: “[Fiscal Cliff Deal] Will Do Little To Address The Nation’s Long-Term Debt.” (Editorial, “Congress’s feeble finish to the ‘fiscal cliff’ fiasco,” The Washington Post, 1/1/13)
  • The Washington Post:The Deal Will Not Reduce Future Deficits Much…” (Editorial, “Congress’s Feeble Finish To The ‘Fiscal Cliff’ Fiasco,” The Washington Post, 1/1/13)
  • Reuters: “It ‘Kicked The Can Down The Road’ To A Later Date.” (Kim Dixon, “Analysis: ‘Fiscal Cliff’ Deal Called A Dud On Deficit Front,” Reuters, 1/1/13)
  • The Washington Times: “‘Conversation’ On Deficit Falls On Deaf Ears” (David Sherfinski, “Conversation On Deficit Falls On Deaf Ears,” The Washington Times, 12/31/12)
  • POLITICO: “But The Measure Took Two Steps Back For Each Step Forward.” (Jonathan Allen, “112th Congress Legacy: Unfinished Business,” POLITICO, 1/2/13)

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