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Gov. Mitch Daniels: ‘Terrifying Rate’ at Which U.S. Debt Accumulating ‘Will Lead to National Ruin’
CNSNews.com ^ | 3/13/12 | Christopher Goins

Posted on 03/14/2012 9:44:44 AM PDT by marshmallow

(CNSNews.com) – Indiana Republican Gov. Mitch Daniels said Tuesday that the size of the U.S. national debt and the rate at which the debt is accumulating will lead the United States to “ruin” -- and no other outcome is mathematically possible.

“Whether one believes in a large, very active government or something more limited, mathematically, the amount of debt we already have and the terrifying rate at which it is accumulating will lead to national ruin,” Daniels said.

“There’s no other outcome arithmetically possible,” he added.

As of February 2012, according to monthly U.S. Treasury statements, our national debt is $15.48 trillion, about a $130 billion more from the month prior when the national debt was $15.35 trillion.

The Hoosier governor made his remarks in a conference call hosted by No Labels, a group of Democrats, Republicans, and independents "dedicated to making government work again."

Daniels said that Congress has become dysfunctional in terms of dealing with our economic and fiscal situation -- and picked a “lousy time” to become dysfunctional, since the United States has never faced “a non-military danger or threat as large as the one we face today.”

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS:

1 posted on 03/14/2012 9:44:48 AM PDT by marshmallow
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To: marshmallow

All the more reason you should have ran instead of flushing your family down the drain along with mine.


2 posted on 03/14/2012 9:46:11 AM PDT by John W (Viva Cristo Rey!)
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To: marshmallow

“Will lead to national ruin”?

It already has. The debt already is beyond repayment but Washington just doesn’t accept it yet.


3 posted on 03/14/2012 9:46:31 AM PDT by AtlasStalled
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To: marshmallow

Understatement of the year award goes to Mitch Daniels.


4 posted on 03/14/2012 9:51:39 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: marshmallow

That’s rich, Mitch. Weren’t you GWB’s budget director.

I don’t exactly recall GWB being the poster child for smaller government and less spending.


5 posted on 03/14/2012 9:51:39 AM PDT by Reagan69 (I supported Sarah Palin and all I got was a lousy DVD !)
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To: AtlasStalled

The Statists believe they can make up the deficit with growth. But the producers in this country know what ‘misallocation of resources’ means.
The IRS rejected my tax return AGAIN!
guess it was because of my response to the question :
“List all dependents”
I replied:
“12 million illegal immigrants;
“3 million crack heads;
“42 million unemployable people on food stamps,
“2 million people in over 243 prisons;
“Half of Mexico ; and
“535 fools in the U.S. House and Senate.”;

Evidently, this was NOT an acceptable answer.

WHO DID I MISS?


6 posted on 03/14/2012 9:52:05 AM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: marshmallow

“There’s no other outcome arithmetically possible,”

Exactly why I say this will not be avoided. It is not possible. Except for kooky Greenspan and let’s-print-money-like-crazy insanity (yes, I said Greenspan was not to be trusted long ago).

However, I would rather have a decent conservative at the helm than Obamugabe ... but I do not have faith in the American voter.


7 posted on 03/14/2012 9:52:39 AM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: Reagan69

Believe he did do better before Mitch left to run for Indiana governor.


8 posted on 03/14/2012 9:54:17 AM PDT by John W (Viva Cristo Rey!)
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To: marshmallow

Yeah but Obama has a plan; If we get the rich to pay mores taxes we can spend more and get into larger debt.


9 posted on 03/14/2012 9:54:32 AM PDT by GrandJediMasterYoda (How ironic that Ann Coulter should write a book called Treason.)
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To: John W

“All the more reason you should have ran instead of flushing your family down the drain along with mine.”

Exactly. It’s so bad yet the “stars” in GOP all cut and ran. They just didn’t have the stones to battle the magic negro and the msm. These careerists think it much better to wait 4 years and not have to take on the Kenyan.


10 posted on 03/14/2012 9:56:28 AM PDT by lodi90
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To: marshmallow
Shut up, Mitch.

He had the opportunity to run as a fiscally-strong, conservative candidate with no baggage. The "elites" would have leapt all over him because he had none of Romney's negatives, was more electable, and had a good conservative record. Instead, he declined to run.

I understand that he had his reasons, and he's entitled to them. But if he was unwilling to chip in then, he oughta just shut up now. And I say this as someone who really, really wanted him to run so I wouldn't be stuck with Larry, Curly, or Moe.

11 posted on 03/14/2012 10:00:17 AM PDT by Bruce Campbells Chin
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To: Reagan69

Don’t blame bush. The ENTIRE deficit for 2007 was less than the Obama deficit just run up for Febuary 2012. That’s right. One month’s deficit was more than an entire year.


12 posted on 03/14/2012 10:02:03 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: griswold3
Who did I miss? Seriously? How about the occupants on Pennsylvania Avenue?
13 posted on 03/14/2012 10:03:12 AM PDT by Obadiah (We are all Brietbarts now.)
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To: griswold3

LOL...


14 posted on 03/14/2012 10:07:28 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: marshmallow
The Hoosier governor made his remarks in a conference call hosted by No Labels, a group of Democrats, Republicans, and independents "dedicated to making government work again."

"Making government work again" to Democrats, RINOs, and Independents generally means jacking up tax rates instead of cutting spending. That's the last thing the government advocates want.

15 posted on 03/14/2012 10:18:34 AM PDT by Menehune56 ("Let them hate so long as they fear" Oderint Dum Metuant), Lucius Accius, (170 BC - 86 BC))
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To: griswold3
WHO DID I MISS?

FLOTUS and her 30 servants

Bo's pilot and crew

Various Solyndra/GM/LightWave executives

16 posted on 03/14/2012 10:22:58 AM PDT by ZOOKER ( Exploring the fine line between cynicism and outright depression)
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To: Menehune56

Indiana has the lowest number of government employees per capita in the entire country. Daniels is not a big government Rpeublican. He’s just a sit on his butt Republican when it came to this race.


17 posted on 03/14/2012 10:24:03 AM PDT by Bruce Campbells Chin
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To: marshmallow

Soviet style dissolution, or Cuban style repression are in the American future.


18 posted on 03/14/2012 10:27:34 AM PDT by Psalm 144 ("I think we ought to listen to Alinsky." - Governor G. Romney, father of Bishop Willard M. Romney.)
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To: marshmallow
“There’s no other outcome arithmetically possible,” he added.

Well, yes - however, this is not an argument that can sway Big Government liberals, who have no understanding of arithmetic. Or basic economics. Or human nature.
19 posted on 03/14/2012 10:32:56 AM PDT by AnotherUnixGeek
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To: marshmallow
Photobucket

20 posted on 03/14/2012 10:36:48 AM PDT by Dick Bachert (I really want Obozo to have another term -- in Leavenworth! 25 to life sounds about right.)
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To: marshmallow
Photobucket

21 posted on 03/14/2012 10:37:05 AM PDT by Dick Bachert (I really want Obozo to have another term -- in Leavenworth! 25 to life sounds about right.)
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To: griswold3

[ The Statists believe they can make up the deficit with growth. But the producers in this country know what ‘misallocation of resources’ means.
The IRS rejected my tax return AGAIN!
guess it was because of my response to the question :
“List all dependents”
I replied:
“12 million illegal immigrants;
“3 million crack heads;
“42 million unemployable people on food stamps,
“2 million people in over 243 prisons;
“Half of Mexico ; and
“535 fools in the U.S. House and Senate.”;

Evidently, this was NOT an acceptable answer.

WHO DID I MISS? ]

You forgot about all the foreign aid that gets sent to our enemies, That has to be almost a billion people in over 150 countries.....


22 posted on 03/14/2012 10:37:32 AM PDT by GraceG
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To: marshmallow

Yes, it will.
And this Administration & Congress is doing nothing to stop it - so, one must presume, they are expecting it to crash.
So stop pointing fingers saying “it’s gonna crash!”; we know, everyone knows, question is what those in power are planning to do with the event.


23 posted on 03/14/2012 10:43:48 AM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: marshmallow
You're right, Mitch.

That's why the Dumpocrats, their RINO brethren, and the mainstream media (but, I repeat myself) will continue to talk about women's "contraceptive rights", America's "racism", and the twin threats of Pope Santorum and that Crazy Old Newt who is tilting at windmills - neither of whom has a prayer of getting elected (according to them)!

24 posted on 03/14/2012 11:04:33 AM PDT by Gritty (Obama is not America's king. He doesn't think he needs authority, only noble intentions.-D Limbaugh)
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To: Bruce Campbells Chin

No baggage? Daniels?

Do you know what the evil media would have done with his divorce story?

A run for president would have been devastating to his family.


25 posted on 03/14/2012 11:16:24 AM PDT by Retired Greyhound (.)
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To: marshmallow; All

” Daniels said he didn’t believe the American people are dysfunctional, but said Congress is engaged in practices that make agreement and decisive action nearly impossible. “

That includes Boner, McConnell, and a bunch of other cowards, and/or RINOS


26 posted on 03/14/2012 11:18:55 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: AtlasStalled

It is not that we can’t repay the debt. It is that any rise in interest rates makes it so we can’t even SERVICE the debt.


27 posted on 03/14/2012 12:19:19 PM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: griswold3

You limited your thinking to the US borders.

How about:

European bank bailouts
Aids patients in Africa
UNESCO
The UN
IMF
Fighting for Iraquis and Afghanies.
Every military operation where we are keeping the peace.
Every overseas natural disaster
Every foreign aid recipient
The entire Chinese manufacturing sector via MFT status

Who did I miss?


28 posted on 03/14/2012 12:24:56 PM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: griswold3

OH, and I would say you missed about 8 million illegals. I think there are 20 million. 12 million is just the official MSM undercounting lie.


29 posted on 03/14/2012 12:26:24 PM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: Bruce Campbells Chin
Shut up, Mitch

The man is a governor, by all accounts a good one, and he has the right to speak his mind just like you and me. Difference of course is that he is a lot more likely to be heard beyond the confines of our safe little FR world. He might even be the candidate who, after the RINO's and the T-Partiers decide a compromise is in order and someone undamaged by the Primary bloodletting is needed, comes out of Tampa with Rubio in tow. Not likely but possible (and a better option than anybody named Jeb).

30 posted on 03/14/2012 12:27:03 PM PDT by katana (Just my opinions)
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To: Bruce Campbells Chin
The "elites" would have leapt all over him because he had none of Romney's negatives, was more electable, and had a good conservative record

Just the elites?

I remember the vast majority of FReepers jumping all over him as well. I don't know if you were around here when he was suggested as a possibility, but he had very little support here.

If the elites were against him as well as conservatives, where would his support have come from?

31 posted on 03/14/2012 12:40:03 PM PDT by what's up
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To: GraceG

Oh my aching back...
Time to start that business I’ve had on the back burner. Someone has to get busy creating value.


32 posted on 03/14/2012 2:02:58 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: what's up
I think some conservatives here reacted emotionally to his strategic statement on where he would focus, and did jump all over him. But on the actual conservative issues, even social issues, he was strong, and I don't think that vitriol would have lasted. Even if it did, it would have been limited to a much smaller group than those who, quite justifiably, doubt Romney's conservative credentials.

The elites weren't against him. They loved him because they thought he had as good as shot as anyone of beating Obama. Unlike some here, I generally don't cast nasty motives on the "elite". They also can't stand Obama, and want to see him lose. But they want that so badly that they're willing to push a guy like Romney just because they think he'll be some improvement over Obama. But give them someone who is more conservative, and who has a knack for not making incendiary statements, and they'd have jumped all over him.

Daniels was the conservative answer to what Democrats have been doing successfully for decades. Profess a moderate demeaner and rhetoric, but have leftist policies. That's how they've managed to push a center-right country to the left.

Daniels does the same except from the conservative side. He generally doesn't offend, and doesn't throw out "raw meat" statements for the base either. But in terms of how he actually governs, he's a very solid conservative. Heck, it was pretty clear that guys like Perry only got in the race becasue Daniels didn't. He was extremely popular even among many movement conservatives.

But, he chose not to run, so all my fan-boy adulation means nothing.

33 posted on 03/16/2012 10:17:44 AM PDT by Bruce Campbells Chin
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To: katana

I agree with the substance of what you are saying. Quite frankly, I’m angry at the guy for not running, and for leaving us with our current choices. If by some miracle he ended up being the compromise candidate at the convention, I’d be thrilled.


34 posted on 03/16/2012 10:19:31 AM PDT by Bruce Campbells Chin
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To: Bruce Campbells Chin
I hear you...and agree.

I don't agree with the poster who said that the elites don't like Daniels and I was pointing out that he seemed to have overlooked the vitriol directed toward Daniels right here on FR. It was the base who seemed most antagonistic about the Governor, not the elites.

I agree that the GOP establishment would have accepted Daniels with open arms and that he would have governed as a true conservative both fiscally and socially.

I'm still holding out hope for the brokered convention and a Daniels choice. By then maybe his wife will have realized that the country needs him. Also, perhaps after the contentious primary the base will finally accept that he's not the demon RINO they think he is.

35 posted on 03/16/2012 11:52:29 AM PDT by what's up
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To: what's up
My initial post may have been ambiguous because I said the elites would have "leapt on" Daniels. I meant that in a positive rather than negative sense.

What frustrated me about the reaction of some freepers to him was that the emotional satisdfaction of flaming rhetoric was being valued over the guy's actual record. He doesn't throw out red-meat comments, but he produces red-meat results.

One (unfair) source of dissatisfaction with him was how he dropped Right to Work last year. He had sound legislative reasons for doing so, but some folks held that against him nevertheless. Haven't now broken the stranglehold unions had on the Great Lakes via passage of RTW, I imagine some of those folks might have come around.

36 posted on 03/18/2012 6:27:42 AM PDT by Bruce Campbells Chin
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