Contrary to popular belief, Democrats can take care of the nation's debt problems, House Majority Leader Steny Hoyer told a room of wonks in D.C. this morning. Staring down the barrel of an increasingly dissolutioned electorate fired up about government spending, the national debt and the deficit, Hoyer said that everything -- including defense spending and raising the retirement age -- is on the table when it comes taking on the nation's fiscal health.
Read More →
The speech included a dire warning about the future unless something is done about how the nation operates -- and some of the rhetoric sounded like it might easily have come from some of the Democratic party's harshest critics on the right, who have warned of a Greece-style meltdown if something isn't done about spending soon.
"More than ever, Americans understand the danger of debt: a stagnant economy, a hobbled government, and a weak national defense," Hoyer said in prepared remarks distributed to reporters at the event. "More than ever, it's possible to imagine a government with nothing left to spend on educating our children, on securing our borders, on conducting groundbreaking research. More than ever, it's possible to imagine a government of, by, and for interest payments and entitlements."