Steny Hoyer: ‘America Is Not Broke’
Although the annual federal budget deficit is expected to hit $1.65 trillion this year and the national debt is already at $14.34 trillion, House Minority Whip Steny Hoyer (D-Md.) said today he disagrees with House Speaker John Boehner’s (R-Ohio) assessment that America is broke.
“America is not broke,” Hoyer said at the Bipartisan Policy Center in Washington, D.C.. “America has extraordinary resources and we can use those resources, both intellectual and financial, to get us to a place where we are again a fiscally sound nation, a fiscally balanced nation, and future generations are not at risk.”
As of May 20, 2011, the total public debt outstanding stood at $14.34 trillion, according to the Department of Treasury.
House Speaker John Boehner (R-Ohio), in a February 2011 speech at the annual National Religious Broadcasters (NRB) convention, described the U.S. fiscal state as follows: “Now surpassing $14.1 trillion, our national debt is on track to eclipse the size of our entire economy this year. In other words, we’re broke. Broke, going on bankrupt.”
Boehner continued: “Just as a bankrupt business has trouble creating jobs, so does a bankrupt country. ... Yes, this debt is a mortal threat to our country. It is also a moral threat. It is immoral to bind our children to as leeching and destructive a force as debt.”
“It is immoral to rob our children’s future and make them beholden to China,” he said. “No society is worthy that treats its children so shabbily.”
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Comments
Stumpy proves that universal
Submitted by stratman on Tue, 05/24/2011 - 3:59pm.
Stumpy proves that universal mediocrity coexists comfortably with colossal stupidity.
Now that's leadership
Submitted by KC Mulville on Tue, 05/24/2011 - 4:04pm.
Telling the hard truths of our fiscal solvency ... now that's what we need in DC.
According to my friend
Submitted by GW on Tue, 05/24/2011 - 4:39pm.
"Poverty is the inability to accrue debt."
Yeah, he's a lib.
Really, Steny?
Submitted by motherbelt on Tue, 05/24/2011 - 5:33pm.
What, pray tell, are these "extraordinary" financial resources that we have, that are apparently not being used at the present time?
I think Mr. Hoyer is paying too much attention to Michael Moore.
All they have to do is find the people who are hoarding all the money, and take it from them!!
Hoyer, We are now $113 TRILLION in overall debt as a nation
Submitted by Dave. on Tue, 05/24/2011 - 8:39pm.
No, not the piddling $14 Trillion+ both you and the federal government keep lying about.
That's not broke - it is national financial destitution, and very rapidly approaching a total financial meltdown.
-Dave
Vote for the American in November
I've seen that before
Submitted by GW on Wed, 05/25/2011 - 9:28am.
But I don't know where it comes from. Can you explain a little more please?
What has this fool been smoking lately?
Submitted by Mary Louise Turner on Wed, 05/25/2011 - 10:12am.
Hey, Mr. Hoyer! Get the cement out of your ears - America is broke! You and your fellow Democrat clowns continue to spend, spend, spend...and have been stone-deaf to the cries of the American people for decades. Stop living in your arrogant little fantasy world.
Hoyer's statements remind me
Submitted by killa37 on Thu, 05/26/2011 - 1:23am.
Hoyer's statements remind me of a fart - you can hear them, they stink up the joint, and when they are gone you just hope that you don't have to hear them again!!!
He said NOTHING, as far as I can tell..............apparantly he's a good student of O'Barry!!! And isn't this dope Ms. Botox's personal manbitch???
And I DO hope that he's NOT including himself, or any of the other delusional and idiotic libs, in the category that he classifies as 'intellectual recourses'!!!!