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Fox News' Chris Wallace says "deficits and debt don't really matter" to Republicans

Published in Blog on September 11, 2019 by Convention Of States

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We've been saying it for a long time. The Republican party is no longer the party of fiscal responsibility. Going all the way back to George W. Bush's presidency, the GOP has done nothing to reduce the deficit, shrink the debt, and save the financial futures of our children and grandchildren.

Now some members of the media are beginning to wake up. Fox News' Chris Wallace appeared on "Shepard Smith Reporting" last week, and he put it bluntly: Republicans just don't care any more.

SMITH: There was a time really not that long ago, Chris, when conservatives were always very concerned about deficits and deficit spending. Do you have a sense beyond presidential politics why we're not really hearing that from conservatives as much right now, because the deficit is quite large?

WALLACE: Yeah, the deficit is going to be up to close to a trillion dollars this year, and the projection is it's going to be over a trillion dollars for the rest of the the 2020s, for a decade, and our debt is up over $22 trillion. This has really been going on for some time. I mean, you go back to George W. Bush, and he was a big spender, a big-government Republican, and you see that now with Donald Trump. The economic benefits of the [tax] cut in 2017 have begun to diminish, and what you’re now ... paying the price of the fact that there's not as much revenue coming in. And in addition, there is a big increase in spending. They just passed a spending bill to get them past the 2020 election, and they’ve basically done away with sequestration, with all those spending caps. So, there's a kind of an unholy conspiracy, if you will, by Democrats, who have been big spenders for a while, and now Republicans, that deficits and debt don't really matter.

There's no more denying it: we can't rely on Congress to change. Irresponsible spending has been going on for too long, and there isn't any hope that the next batch of politicians will reverse course.

That's why we need a solution that doesn't require Congress' say-so. An Article V Convention of States can propose constitutional amendments that force the federal government to be fiscally responsible. These amendments can (among other things) mandate a balanced budget, require spending cuts, and place limits on taxation.

Only with this complete package of constitutional amendments in place can we hope to get the national debt under control and save the financial security of future generations.

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