By Carina Steckenleiter
WASHINGTON (MNI) – South Carolina Republican Sen. Jim DeMint
Tuesday warned this is the last chance for the United States to turn
around its fiscal situation and fix the economy.
In comments made while presenting his new book, “Now or Never.
Saving America from Economic Collapse,” at the Heritage Foundation,
DeMint bemoaned the missing sense of urgency across the country, despite
the enormous deficits it faces and the fact the government plans to
increase public spending.
“We don’t have to balance the budget this year, but we do have to
put the country on a course” he said.
He sees balancing the budget as the key to a prosperity of the
United States: “We have to show ourselves and to the world that we are
committed, determined and have a plan to move towards a balanced budget
and that we are able to get our fiscal situation under control.”
Stressing the decentralization of power as crucial in order to
achieve this goal, DeMint highlighted education and healthcare as
potential areas that require action.
He also criticized the Obama administration for not having the goal
of consolidating the highly indebted national budget.
“We could debate whether to raise taxes or to cut spending or
some combination of both,” he said. “But it makes no sense to have the
debate if there is no agreement that we need to balance our budget.”
** Market News International Washington Bureau: 202-371-2121 **
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