Addressing the House Democratic Issues Conference, Bill Clinton asserted that austerity isn’t the way out of our “long-term debt problem,” and he suggested that the GOP is only interested in austerity measures because the president is a Democrat.
While many in the GOP establishment do seem to have forgotten their commitment to fiscal conservatism, the fact remains that our debt is still growing and the Democrats, currently running the show, refuse to consider frugality as a solution.
And how is this “growth” supposed to happen? By raising taxes further?
The status quo certainly isn’t doing the trick. Americans have already begun taking austerity measures of their own:
Perhaps it’s time for the government to follow suit.