We are at crisis point. I think anybody that sees this nation as being on stable economic or fiscal ground is fooling themselves.
Sentiment: NEGATIVE
We have been dealt a very weak hand by the financial market meltdown, bailouts, and recession. We can't act like it's a strong one.
The President is not squaring with the American people as to the seriousness of our nation's fiscal condition. It is time for people to stand up and tell the truth.
We're on the verge of a financial collapse unless we balance the budget, and that means some really, really tough decisions.
When everything is going well, the role of the state in the economy should be limited. When we are in a crisis, it's different.
Recent economic data shows that our economy is robust, growing and headed in the right direction. The numbers don't lie. Americans are currently enjoying falling gas prices, low unemployment, increased job creation, and a stock market that has reached an all-time high.
Our debt is out of control. What was a fiscal challenge is now a fiscal crisis. We cannot deny it; instead we must, as Americans, confront it responsibly. And that is exactly what Republicans pledge to do.
We have major fiscal problems on our hand.
I think it's absolutely clear that the fiscal path we are on is not sustainable, and for me, the best analogy is these deficits are like a cancer, and over time they will destroy the country from within.
Our investments in social justice and basic needs are as vital to our future as fiscal and macroeconomic reforms. A nation deeply divided will not stand. And it certainly will not move forward.
During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long as inflation remains at or below its target level, the Fed's modus operandi is to panic at the sight of real or perceived economic trouble and provide emergency relief.