Tags: | iowa | caucuses | king

Steve King: Republican Hopefuls Don't Have Economic RX

Tuesday, 27 Dec 2011 04:30 AM

By Hiram Reisner

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Rep. Steve King said Monday with the Iowa caucuses just a week away, he still has not yet endorsed a candidate for the Republican nomination as he believes none of the GOP hopefuls have shown a “deep conviction” to repair the teetering economy and reduce congressional spending.
“One of them is how the field is spread out and another part of this is that as the months have unfolded and I have watched the lack of will in this Congress to tighten down on this spending — we’re burning up our political capital discussing whether we’re going to be at $28 trillion in national debt in 10 years or $26 trillion,” King told CNN’s Tom Foreman.
“Europe is melting down incrementally, and Greece is ready to default. And I have not heard yet from a presidential candidate that deep conviction on how to get us out of this impending economic disaster that we’re in,” the Iowa Republican said. “I want to know when that budget will first be balanced, when we will pay off the first net dollar on our national debt and I would like to hear about a transformative tax policy — I’m hoping that yet happens. I thought I might get that all for Christmas and it didn’t quite happen.”

King said he realizes the priorities for most Americans are the sagging job market and stagnant wages, but candidates must look beyond the symptoms to the causes of the personal crises.

“We’re electing a leader and that leader should be looking over the horizon and taking us where we need to go — it’s not enough to react to the public. The public wants jobs, yes, and businesses have to be able to make a profit before they can pay wages,” he said. “That’s all part of it, but, meanwhile, if neither Democrats nor Republicans show the will to tighten down on our spending and get to us a balanced budget, we could march off into a financial debacle.

“But we need a leader to lead us away from that, to lead us away from the abyss,” King said. “And I’m not yet convinced that any of them have that vision and are able to inspire the American people to take us where we need to go.”

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