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Wednesday, October 24, 2012

Mr. President, Why Won’t You Help Us Avert National Bankruptcy?


President Obama, I’d like to follow up on my most recent column and ask you a few more questions, please.

I am assuming you don’t dispute that our nation faces a very serious financial problem, with unfunded liabilities in excess of $100 trillion. I use the word “assuming” because I don’t remember you ever spending much time talking about this problem, which is odd because the very subject haunts so many Americans and makes them fearful for the future of this country.

Yet if you do recognize that these liabilities threaten our nation’s solvency, how is it conceivable that you’ve not made the problem one of your foremost priorities? Yes, you established a bipartisan deficit commission, but you refused to meet with it and you ignored its findings, so that doesn’t get you off the hook.

When Rep. Paul Ryan presented his “Path to Prosperity” and the Republican Congress passed a budget largely along the lines Ryan proposed, you publicly ridiculed Ryan, and your Democratic-controlled Senate summarily rejected the bill.

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