GOP Sen. Johnson: Stop Govt From 'Bankrupting America'

Townhall.com Staff
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Posted: Jun 14, 2011 10:15 AM
GOP Sen. Johnson: Stop Govt From 'Bankrupting America'
U.S. Sen. Ron Johnson says the only way for America to get out of its fiscal quagmire is for Congress to establish hard spending caps. Otherwise, the federal government will be “literally bankrupting America,” the Wisconsin Republican says.

“Let’s start from stopping bankrupting this nation. The reason I came to Washington is because I realized that we’ve been undertaking this $4.2 trillion experiment in Keynesian economics and we are literally bankrupting America — that is scaring consumers, that is scaring businesses,” Johnson said Tuesday on MSNBC’s “Morning Joe,” referring to the theory that the public sector can boost the economy.

Johnson, who spent three decades in manufacturing before being elected to the Senate in November, said excessive spending should be first on Congress’ attack list.

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