Alabama Congressman Mo Brooks again called on Washington to balance the budget before America’s debt spirals out of control.
In an address to the U.S. House, Representative Brooks highlighted the debilitating economic turmoil that is afflicting Greece, and possibly awaits America, because of decades of financially irresponsible leadership.
Brooks stated, “In the past five years, Greece has repeatedly failed to meet its debt obligations and subsisted on three bailouts from the European Union. The result? Greece’s economy is in shambles.
The Greek government has limited the right of Greek citizens to withdraw their own money held in Greek banks. Violent demonstrations have ensued as pensions have been cut, taxes increased, and citizens struggle with paying back debts incurred during unsustainable spending sprees.”
Brooks continued, “There is an old adage that ignorance is bliss. I don’t know about that. But I do know that ignorance is dangerous. In 2009, Greece spent 3.2% of GDP on its national defense. Five years later, Greek defense spending was cut to 2.3% of GDP, a 28% cut!
Now, perhaps the world will not suffer from Greece defense spending cuts, but what would be the effect on world peace if America’s defense spending suffered a similar fate?
Washington must learn from the insolvency consequences Greek citizens are now facing and recognize that if America does not quickly change its course, we will suffer a similar fate.”
Congressman Brooks always welcomes your comments - click HERE to contact him
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