Thursday, June 30, 2011

Young: Congress carries burden to ward off economic collapse


Republican House member remains critical of Obama’s policies

JEFFERSONVILLE — If lawmakers knew of a way to prevent the latest recession before its onset in 2007 and did not act it would have been “absolutely unforgivable,” Indiana’s 9th District U.S. Rep. Todd Young said Wednesday.

Similarly — knowing the level of the national debt coupled with forecasts for an economic plummet if spending isn’t balanced — Young said Congress and President Barack Obama will carry a burden of guilt if they do not soon approve measures to address the country’s economic future.

“We know it’s coming,” said Young, a Republican from Bloomington, of shortfalls predicted in entitlement programs such as Medicare and Social Security, as well as potential damage to the country’s bond ratings if the national deficit isn’t lowered over the next decade.

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