March 14, 2013

 

Rep. Conyers: ‘The Debt Is Not Endangering Us A Bit … Some Debt Is Not A Bad Idea’Rep. John Conyers (D-Mich.), ranking member of the House Judiciary Committee. (AP)

(CNSNews.com) – Rep. John Conyers (D-Mich.), the ranking member of the House Judiciary Committee,  said on Thursday that the nation’s current debt of $16.7 trillion is “not endangering” the country,  adding that “some debt is not a bad idea” and that he and other congressional Democrats “don’t think there’s a problem.”

Conyers and other liberal Democrats spoke at a Capitol Hill press conference about their initiative to compel Congress to cancel the across-the-board budget cuts (sequester) of  $1.2 trillion over 10 years, which actually are reductions in the rate of increase in federal spending and amount to $44 billion for this year.

The sequestration reductions were triggered by the Budget Control Act of 2011.

At the event, CNSNews.com asked Conyers, “Republicans say if we don’t make cuts to reduce the deficit soon that sequester cuts will actually be small compared with cuts we would need to make if we continue on this track [of spending]. Meanwhile, Leader Pelosi has said she doesn’t think that we have a spending problem and the White House has recently said that we shouldn’t balance the budget just for the sake of balancing the budget. That said, by canceling sequester would we then be manufacturing a larger crisis in the future and, if so, how would you justify those more severe cuts to the American people?”

 

Read Full Article Here

About these ads