Reiterates Wake-Up Call that Debt is Strangling Our Future

Carmel, IN – January 27, 2010

Indiana Fifth District Republication Congressional candidate Brose McVey today criticized the tepid plans of the Obama administration to deal with the exploding national debt, noting that Congress is about to add nearly $2 trillion to the Nation’s 12.3 trillion credit card balance.

“Our government is literally swimming in some $12.3 trillion – with a “t” – in debt. When you add up all of the I.O.U.’s hanging around the taxpayer’s neck, the total is closer to $100 trillion. And, with regard to Social Security, this reckless shell game amounts to nothing less than the greatest ponzi scheme of all time,” said McVey.

“Tonight, after pushing a budget-busting health care bill, pushing through an across-the-board budget increase of ten percent, and expanding Medicaid, the President is going to try to trick us with a modest, three-year “freeze” in spending? The American public must be getting dizzi. One day we need trillions in bailout funds and new programs. The next day we need gimmicky budget freezes. This silliness would be more amusing if it wasn’t placing the future of this nation at risk.”

McVey is making the rounds in the Fifth District, with an in-depth presentation on the nation’s public debt, offering a three-part approach to avoid the worst-case catastrophe, and seeking public input in a series of forums called “The Coming Storm: Can America Survive the Debt Crisis,” with sessions planned Thursday night, January 28 in Fortville at American Legion (beginning at 5:30PM) and this coming Saturday at the Tipton County Library (at 8:30AM) and the Hoff Room of Manchester College (at 1:00PM.)

“We have to save this country one Congressional District at a time, and I want the leadership on this matter to start right here, right now,” McVey continued. “Whatever you care most deeply about – education, health care, Social Security, or the War on Terror – will no longer matter if we don’t attack this fiscal cancer. Social Security, Medicare, pension protection and FDIC insurance are all backed up by paper I.O.U.’s, and there is no money in our nation’s pipeline to pay for them,” said McVey.

McVey challenged Indiana’s congressional delegation to throw down the gauntlet this month, and oppose the increase in the nation’s debt limit. “Statesmen of both parties need to stand up now and say ‘no more debt.’ Instead, let’s begin debate on massive cuts in spending.”

January 27, 2010