U.S. 'nowhere near' out of the woods on debt, says conservative host Leland Conway
08/03/2011 07:34 AM
Leland Conway, host of WLAP-630’s “The Pulse,” said Congress failed to do enough to get the nation’s fiscal house in order in the deal to raise the debt ceiling this week.
Conway said on Tuesday’s edition of Pure Politics that he wouldn’t have voted for the deal, which raises the debt ceiling by $900 billion and cuts $917 billion in federal spending over 10 years. Another increase in the debt limit would kick in later this fall upon the agreement of another $1.5 trillion in cuts over the next decade.
That, however, doesn’t go far enough, Conway said.
“We’re nowhere near where we need to be,” he said around 0:30 into the video. “This whole process has shown me that the conversation in our country needs to become: How big do we want our government to be.”
Conway said if Congress didn’t reach a deal, he didn’t believe the United States would default on the government’s debt and would still be able to make Social Security payments.
“When you start to look at the cuts, everything started to break down when you started talking about the specifics of where to cut.”
On the issue of taxes, Conway said Congress should close loopholes and end exemptions from certain industries — but at the same time, should lower income tax rates, particularly on corporations. (Starting at 5:10 in the video)
Find out what else Conway would like to see happen to the tax code, what he doesn’t like about the debt ceiling deal and what he hopes Congress will agree to this fall in the video:
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