Boehner Says Debt Due to Spending Problem

September 11, 2013, Written By John H. Oldshue

So many Americans finds themselves in financial trouble as a result of not being able to control their spending. According to the Speaker of the House, our country is in financial hot water for the same reason.

John Boehner recently issued a statement detailing his opinion about the national debt. He says much of it has to do with federal spending.

The Congressional Budget Office says that over the next 10 years, the deficit will reach $6.3 trillion if nothing changes in the system. The current predictions for this year are $643 billion, which is the smallest shortfall since 2008.

Boehner says the government needs to work on controlling its spending habits to fight this never-ending deficit.

“There is no need for market-rattling showdowns or brinksmanship in the discussion this fall,” said Boehner. “The sooner President Obama starts to work with both parties to solve Washington’s spending problem, the better it will be for our economy.”

Boehner, like many others, is worried about the big picture. “This issue isn’t just about dollars and cents. Unless we deal with this spending problem honestly and forthrightly, our kids and grandkids are going to face a much dimmer future.”

Regardless of your political affiliation, it’s clear that something needs to change in the way the finances work in this country. If we ever want to control our debt, we need to start now.

Politicians on both side of the aisle have a lot of work to do.



The information contained within this article was accurate as of September 11, 2013. For up-to-date
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About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
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