The basic question facing the country is when will the government "get real" about spending, former Indiana Gov. Mitch Daniels said Friday.
"The fundamental question facing the country is, what are we going to do to get on a faster growth track, so there's some revenues to pay for worthy programs and pay our debts," the Republican said on MSNBC's "Morning Joe." "And, when is somebody going to get real about the entitlement programs, which are devouring the rest of the budget?"
Daniels said the problem involves borrowing and spending beyond fiscal capabilities, but he also pointed out that budgets cuts are hampering viable programs.
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"The problem is, there isn't any money. We're borrowing a third of all the money we're spending now. And the discretionary budgets for research and FBI and everything else is getting squeezed, squeezed, squeezed," he added.
He blamed the fiscal problems on both Republicans and Democrats, insisting that both sides need to seek compromise and begin moving down a path toward solutions.
"I'll say there's plenty of responsibility on both sides.There could be more courage on one side, and there could be some flexibility on the other side that hasn't been there," Daniels said.
"We're such a lucky country. If we just get started, I believe we'll have the positive effects economically that we'll need to have. And the world will sort of bridge finances. But, we've got to take the first step."
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