Steny Hoyer: ‘America Is Not Broke’

RockX

Banned
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.”

http://www.cnsnews.com/news/article/house-minority-whip-hoyer-america-not-br

:rofl:

I can’t be broke. I still have checks!
 
A government only reaches it's credit limit when people stop freely buying it's bonds on the open market. Our debt problem is bad, but "broke" is an incorrect term to describe it.
 
We have a $15 trillion economy. The idea that we are "broke" is absurd. We just elect not adequately to fund our government.
 
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