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News Link • Economy - Economics USA

Last Night On Live TV, A Politician Called For An Economic Disaster — And Hardly Anyone Noticed

• Business Insider
President Obama outlined an aggressive progressive vision for America that is almost certainly DOA.
The Republicans offered up a rising star, Marco Rubio, to deliver a rebuttal that was written even before the President's speech had been released. It was mostly a speech composed of generalities. And although there was a brief awkward moment with a water bottle, Rubio looked pretty good.
But there was one statement from Rubio that really stands out:
The President loves to blame the debt on President Bush. But President Obama created more debt in four years than his predecessor did in eight. The real cause of our debt is that our government has been spending 1 trillion dollars more than it takes in every year. That’s why we need a balanced budget amendment.
The weird thing about this line is that it's a call to enact an amendment which would destroy the economy.

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