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Simpson Blasts Congressional Leaders

October 21, 2013 Jackson Hole, State of Wyoming No Comments
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The fight over the nation’s financial crisis is nowhere near over, and Congress is destined to find itself in the same deadlock early next year that they were in until last Wednesday.  That’s what former Wyoming Senator Alan Simpson told a luncheon crowd at Snow King Resort Friday afternoon. Simpson told the group, they’re going to “kick the can down the road again, go through the same pain, same arguments, and it’ll be tough to watch. “  Simpson went on, “All the pain you saw in the sequester, all the pain you saw Wednesday and before, have nothing to do with 2/3 of the American budget; because the drivers of this engine are medicare, Medicaid, interest on the national debt, and social securiety – and they’re on automatic pilot.” Simpson, who co-authored the Simpson-Bowles presidential commission report on fiscal responsibility and reform, pointed to the Defense budget of $600-billion dollars each year, compared with $540-billion spent by the defense efforts of the rest of the world combined.  Simpson told the group that if the US does not get control of its debt, those countries loaning the US money will demand higher interest and the country will be helpless to do anything about it.  The net result, he says will impact every last citizen; but particularly the middle class.  That is when he says the American public will sit up and take notice.  Simpson says people will go to their Congressional delegates and ask why they didn’t do something.  He says then, “they’re going to take them out.”  Simpson says they’ll say, “We’ll get somebody here from either party who believes in common sense and the art of compromise.”

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