Americans face a ‘looming entitlement crisis’ in which every American household already shares nearly $500,000 in debt, Senate Minority Leader Mitch McConnell (R-Ky.) said Friday at the National Press Club.
McConnell, who became the most powerful Republican in Washington with the departure of former President Bush on Tuesday, called on Democrats to use their expanded powers to address the entitlements problem.
“The expansion of entitlement spending is a looming crisis that has been overlooked for too long,” said McConnell. “With control of the White House and big majorities in Congress, Democrats now owe it to the American people to put their power to work on this vital issue.”
The General Accounting Office of the federal government estimates that, in total, the federal government currently faces a $53 trillion shortfall to cover the projected costs of promised entitlement benefits, such as Social Security, Medicare, Medicaid and other programs.
Excuse me Mitch if I laugh in your face. Republicans lost the moral high ground on deficit spending when they were throwing money around like a lottery winner in a whore house.