Senator Tom Coburn appeared on Fox News Sunday and sounded the alarm bills for out of control government spending and how the nation’s debt very well could be the end of the American way of life as we know it. Coburn’s rare bluntness might be related to the fact that he also announced he will strictly adhere to a self-imposed limit and not run for re-election in 2016 after he completes his second term as Senator. Therefore, since he never needs to face the voters again, he doesn’t need to sugarcoat his message that basically America is in serious trouble.
Coburn predicted that if his economic concerns are not addressed then “I think you’ll see a 15 to 18 percent unemployment rate. I think you’ll see a 8 to 9 percent decline in GDP. I think you’ll see the middle class just destroyed [and] the people it will harm the most will be the poorest of the poor,” Coburn said, since the government will try to print money to improve the economy and hyperinflation will result. To heighten concern even further, Coburn urged “if we [don’t] take some pain now, we’re going to experience apocalyptic pain” and cautions that most republics in history only last 200 years before fiscal problems destroy them. And Coburn certainly suggests we’re on that path towards ruination.
Watch the chilling forecast from Fox News below:
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