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That’s what House Speaker John Boehner said this week.

“We do not have an immediate debt crisis.”

In other words, don’t worry. Don’t panic. Don’t continue to pressure your elected representatives in Washington to dramatically cut spending and return to constitutionally limited government. Stop demanding balanced budgets. Nothing bad is about to happen because the federal government is spending $1.2 trillion more than it takes in annually.

Like the great and powerful Oz, he told America not to worry about that man behind the curtain. He’s got everything under control.

“We do not have an immediate debt crisis.”

See Boehner interview:

Boehner is not alone among the geniuses in Washington making this claim.

He is echoing similar words uttered by Barack Obama and Rep. Paul Ryan.

None of the above wants to take any drastic action to reduce spending by Washington or to stop borrowing any time soon.

Earlier, Obama said, “we don’t have an immediate crisis in terms of debt,” and, “in fact, for the next 10 years, it’s gonna be in a sustainable place.”

Ryan had this to add: “We do not have a debt crisis right now. But we see it coming. We know it’s irrefutably happening. And the point we’re trying to make with our budget is, let’s get ahead of this problem.”

Boehner added, “We all know that we have [a debt crisis] looming. And we have one looming because we have entitlement programs that are not sustainable in their current form. They’re gonna go bankrupt. … [Obama's] point, as he went on to say in that interview, is that we don’t really need to do anything at this point. And I would argue that we do need to do something.”

What’s wrong with these guys that they consistently underplay the seriousness of the debt problem? Why are so many Republican leaders enabling Obama to continue the outrageous and unsustainable levels of spending that is simply making the problem harder to fix? What’s wrong with recognizing the crisis before it happens, while there is still a chance to avert catastrophe?

Worse yet, with Republicans in control of the House, they are in the driver’s seat for reducing spending and borrowing. As I have pointed out many times, the House majority could force a stop to borrowing any time by simply refusing to raise the debt limit. They ought to be shouting this from the rooftops – warning they will not keep digging a bigger hole for U.S. taxpayers. They ought to be explaining that a day of reckoning is coming soon – imminently.

Instead, they pretend this problem can be dealt with by 10-year budget plans that can change with each new succeeding Congress every two years.

I don’t know who’s worse – Boehner or Obama. Obama clearly believes in Keynesian-style spending, despite all the historical and empirical evidence it doesn’t work. Boehner, on the other hand, says he doesn’t believe in it, but he actively facilitates it.

He says he believes in balanced budgets – but not now, later.

He says he believes in constitutionally limited government – but not now, later.

He says he believes in reining in entitlements – but now not, later.

When is later going to come? When the Republicans have lost the House because of their ineptitude and hypocrisy and infidelity to the Constitution and the American people?

If your nation finds itself in a $16 trillion hole, as America does, the first thing you have to do is stop digging, which means stop borrowing.

Washington is trying to do too much anyway. Instead of taxing the American people to expand the scope of government beyond its constitutional limits, it is borrowing to do so.

It’s not only economically unsustainable, it represents the end of limited government and liberty for the America.

And Boehner says this is not an imminent crisis?

Join Farah’s “No More Red Ink” campaign – the only effort of its kind, which will force the federal behemoth to live within its means.

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