Senator Tom Coburn: U.S. has 2-5 years before financial meltdown

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    May 16, 2012 7:14 PM GMT
    Video at the link:

    http://dailycaller.com/2012/05/15/coburn-u-s-has-2-5-years-before-financial-meltdown-video/

    Oklahoma Republican Senator Tom Coburn told The Daily Caller in a video interview that the federal government is in the “midst of committing murder to our republic” and predicted that the U.S. faces a financial meltdown in 2-5 years.

    “I wanted people in this book, in ‘The Debt Bomb’ to be able to see what’s coming,” Coburn said on Capitol Hill, referring to his book. “In 2022, less than 10 years from now, unless we make major changes that everybody’s saying they know has to be made but none of the politicians have the courage to make, the entire federal budget will be made of only three things: interest, Medicare and Social Security, nothing else.”

    “It’s very honorable to speak honestly to the American public about what the problems are. It is dishonorable to lie to them about it not being. Talk to any politician up here, they all know Medicare’s in trouble, they’ll say it privately so tell me, when you will speak something privately but not talk about it publicly, what’s that say about your integrity? That you just really want to win an election rather than fix our country.”

    Coburn explained what he thinks would be “the best thing that could happen” to America.

    “Everybody to stand up and say, ‘deal’s off, we’re going to fix the country. We know we’re all going to get fired. It’s okay, lets go do it.’ That’s the honorable thing except we don’t have much honor here because people are refusing to address the very real problems that will undermine the core values of this country,” he told TheDC, before referring to a quote from John Adams.

    “There has not yet been a republic that did not murder itself. We are in the midst of committing murder to our republic,” he said.

    Coburn, a member of the Judiciary and Finance committees, also said that interest rates are going to rise.
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    May 16, 2012 9:39 PM GMT
    riddler78 said

    “There has not yet been a republic that did not murder itself. We are in the midst of committing murder to our republic,” he said.

    Now there's a true statement! ESPECIALLY when they bed with religion!icon_wink.gif
  • GQjock

    Posts: 11649

    May 16, 2012 10:26 PM GMT
    Gee ... We're now listening to what TOM COBURN says?

    The man who wants to carry a gun into the US Senate
    and also said that Obama wants to create dependency” because it “worked so well for him” as an “African American male.”

    Tom Coburn Claims Members of Congress Have "Earned" Threats of Violence
  • GQjock

    Posts: 11649

    May 16, 2012 10:28 PM GMT
    Hey Rid



    In case you don't KNOW

    Coburn is doing this in prep for another hostage taking of the US Debt
    They are prepping for another debt crisis
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    May 17, 2012 3:50 AM GMT
    Coburn is clinically insane.
  • CuriousJockAZ

    Posts: 19136

    May 17, 2012 4:48 AM GMT
    Christian73 saidCoburn is clinically insane.



    Did his doctor tell you this or are you now an expert in this area as well?

    What irks me about people predicting doom & gloom like this is that it scares people. Outward pessimism is not really what I want to hear from our leaders.
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    May 17, 2012 5:22 AM GMT
    CuriousJockAZ said
    Christian73 saidCoburn is clinically insane.





    What irks me about people predicting doom & gloom like this is that it scares people. Outward pessimism is not really what I want to hear from our leaders.
    Then quit listening to the GOP ads!
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    May 17, 2012 6:12 AM GMT
    CuriousJockAZ said
    Christian73 saidCoburn is clinically insane.



    Did his doctor tell you this or are you now an expert in this area as well?

    What irks me about people predicting doom & gloom like this is that it scares people. Outward pessimism is not really what I want to hear from our leaders.


    I don't think that's what he's saying? What he's describing aren't absolutes or fixed dates - but rather outcomes that can be avoided. I do think the issues are dire though. Coburn has been one of the few consistent leaders with respect to opposing earmarks and for fiscal responsibility irrespective of party lines.

    I do think that unfortunately both Congress and the current Obama Administration share substantially in the current mess given how it significantly impedes future financial flexibility not to mention the fact that if foreigners lose confidence in the ability of the American government to at some point rein in spending, they will rise - and rise substantially. It would be and is irresponsible for current leaders not to highlight this reality.

    For example - there remain those who claim that there is some social security fund or that it's sustainable as it stands despite the facts. Those are the people who are "nuts" - and deserving of what's coming to them.