The President Thinks There is No Debt Crisis

This morning, I responded on the Senate floor to President Obama’s assertion in an interview with ABC News that there is no immediate debt crisis.

The President has said that we must embrace a "balanced approach" to deficit reduction. Of course, reasonable people can disagree on what a balanced approach looks like, but we all know what a balanced budget looks like.

If the President truly does want a balanced approach to our fiscal and economic challenges, he will stop leading from behind and start leading from out front.

Im shocked that the President would say in an interview with ABC News that there is no immediate crisis in terms of the debt.