Based on a new report from the Joint Economic Committee Republicans, Senator Jim DeMint narrates a new video highlighting the poor economic figures.
As you may recall, the recession "officially ended" in June 2009, according to the National Bureau of Economic Research, the group in charge of officially stating when a recession begins and ends. Of course, the summer of 2010 was supposed to be the "recovery summer" according to President Obama.
Unfortunately, due to unprecedented bailouts, stimulus efforts, quantitative easing ,and Washington's out-of-control deficit spending, the result has been an anemic economy.
The solution of course is a dramatic shift in the status quo. America needs to cut, cap, and balance. Washington's budget needs to be slashed to eliminate our $1.4 trillion deficit, statutory spending restrictions need to be implemented to prevent deficits that large again, and a balanced budget amendment must be passed and sent on to the states for ratification in order to reforge the chains of the Constitution and rein in Washington's excessive spending habits.