Toomey: 'Fiscal Cliff' Spending Cuts 'Trivial' Compared to Looming Budget Crisis
U.S. Sen. Pat Toomey tells Valley Chamber of Commerce that without reform, current federal deficit spending will lead to much more painful cuts.
U.S. Sen. Pat Toomey spoke to members of the Greater Lehigh Valley Chamber of Commerce at a breakfast gathering Monday at DeSales University and neither the eggs nor the message was sunny side up. The Pennsylvania Republican and well-known deficit hawk addressed the so-called “fiscal cliff” the U.S. government is facing Jan. 1 if Congress and the Obama administration cannot make a deal to avert tax increases and spending cuts that will automatically kick in. But Toomey, whose family lives in Upper Milford Township, said that the across-the-board spending cuts slated for Jan. 1 look mild compared to future actions that will be needed if the nation doesn’t start shrinking the federal deficit and paying down the debt. The fiscal cliff would …
In this Article:
Frediano
5:28 pm on Tuesday, November 20, 2012
Clearly, this divided nation is broken, we can't even communicate using the same math, economics, principles or logic, and so, it's just going to break. We've been successfully divided up and conquered. But no worries; they have all of us worried about 'austerity' now, defined as, the federal government cutting its overhead from over 25% of GDP while 'running the economy'... into the ground. JFK'… more ›