Seniors Draw Line on Debt Ceiling

Support coalition efforts to tie future spending to balanced budget

Jim Martin, “The President recklessly demagogues spending restraint when he knows full well the U.S. has the funds to meet our debt obligations.  Just shameful.”

(Alexandria, Virginia) – 60 Plus Chairman Jim Martin, leader of the nation’s largest conservative seniors organization with over 7.2 million senior supporters, stands with a coalition of fiscal conservatives proposing concrete steps to hold the Obama Administration to a firm deal on tackling our nation’s deficits and putting the nation on course to a balanced budget in 10 years.

Headed by deficit hawks including former U.S. Attorney General Edwin Meese, III, Senator Jim DeMint (R-SC) and the Heritage Foundation, the Conservative Action Project ‘memo for the movement‘ states, “America is on an unsustainable fiscal path.  Unless immediate action is taken, our future is destined to be that of Greek-style implosion or the slow managed decline of Western Europe. Neither option is acceptable.”

Said Martin, “It is not even arguable that our nation is on an unsustainable path of borrowing and spending.  We have plenty of examples from other countries as to what happens when you spend more than you can afford, and it is a future that is especially devastating to the seniors and children the President so sanctimoniously suggests he wants to protect.  It is reckless, cruel and irresponsible to condemn future generations a fate of hopelessness and despair that unrestrained government spending inevitably brings.

“Just 17 months ago, this Administration asked for and was granted a $2.1 trillion increase in the nation’s debt limit.  We have now run through THAT credit card and they want yet another one.  When America is running up the same amount of debt in 500 days that it took more than 200 years to create, a serious course correction is in order.”

Martin was one of 41 conservative leaders and organization to sign-on to the memo promulgated by Meese.  “On behalf of the 60 Plus Association, I am proud to put the support of millions of seniors across America behind the Conservative Action Project proposal of putting our nation on a money diet, and getting us to a balanced budget in 10 years.  This is a serious proposal that represents the only workable and responsible blueprint to save our nation by ending the blank check and automatic debt ceiling increases without reducing spending.

“Senior entitlements are certainly a contributing factor and need to be reformed NOW rather than later, when they will surely go bust.  Mr. President, you’ve had your way for four years and we have nothing to show for your policies but a non-existent recovery and $6 trillion more in debt.  Your agenda is a path to Greece, our agenda is a path back to America that was the strongest and most prosperous nation on earth.”


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