Our national debt is the biggest threat to America. Juan Williams

Erskine Bowles, Pres. Obama Debt Comm. co-chair

On tonight’s Bill O’Reilly program we heard part of a report from Debt Commission Co-Chairman Erskine Bowles who was appointed by president Obama to conduct a review of our $13 trillion dollar debt and its impact to our economy. His marching orders was to come up with ways to confront this every growing time bomb.

Background. On Feb 18, 2010, President Obama Established a Bipartisan National Commission on Fiscal Responsibility and Reform. He “named former White House Chief of Staff Erskine Bowles and former Republican Senate Whip Alan Simpson as Commission Co-Chairs.”

The significance of this is that Mr. Bowles, a Democrat, is the former White House chief of staff under president Bill Clinton as stated above. In a meeting of governor’s on Sunday he stated “the accumulation of our annual deficits, is “like a cancer” that is “truly going to destroy our country from within.” Source. Dallas News. See link below.

http://www.dallasnews.com/sharedcontent/dws/dn/opinion/editorials/stories/DN-natldebt_0713edi.State.Edition1.702108.html

For all those progressives in the blogosphere Mr. Bowles is not a right wing TV personality from FOX News.

This is a quote from the Washington Post: “Bowles said that unlike the current economic crisis, which was largely unforeseen before it hit in fall 2008, the coming fiscal calamity is staring the country in the face. “This one is as clear as a bell,” he said. “This debt is like a cancer.” Story link below.

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/11/AR2010071101956.html

Emmy award winner and NPR host, liberal Juan Williams, a frequent guest on the FOX program, stated this debt is the “biggest threat to America.” He added that we cannot keep a policy of “spend, spend, spend. ” Mary Ham of the Weekly Standard chimed in to say that “denial is not just a river” in Africa.

The real test is what areas our president and Congressional leaders will agree on to control this cancer.  Raise taxes, cut entitlement programs such as Social Security, push out retirement to age 70, etc.  The choices are all above my pay grade.

What do Juice readers believe president Obama will take away from this candid assessment?


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