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  • VIDEO: Jim DeMint Says Obama Is "Running Out of Excuses" on Debt

    Heritage Foundation President-Elect Jim DeMint told Fox News’ Greta Van Susteren last night that President Obama is “running out of excuses” on America’s debt problem and liberals are in denial if they think Washington doesn’t have a spending addiction.

    Greta, the president is running out of excuses. He can’t blame the last administration because he is the last administration. President Obama has spent more and created more debt than any president in history. Yet we’ve got the slowest recovery of any recovery in history.

    DeMint appeared on Wednesday night’s “On the Record” to debunk claims by liberals about federal spending. DeMint’s former Senate colleague, Louisiana Democrat Mary Landrieu, said recently, “I am not going to keep cutting the discretionary budget, which by the way is not out of control, despite what you hear on Fox News.”

    DeMint said there’s no denying that spending is out of control:

    We’ve doubled spending in the last 10 years, and revenues this year will be at historic highs. So you don’t have to guess where the problem is. We’re spending too much, and we need to cut spending. And we need to do it in a predictable way so we don’t shake up the economy.

    Read a complete transcript of the interview from Fox News.

    Posted in Featured [slideshow_deploy]

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