Issa on Economic Backdrop to SOTU

'We run out of money before we run out of entitlements'

BY:

Rep. Darrell Issa (R., Calif.) laid out his expectations for points of emphasis in the SOTU Tuesday on Fox Business. Among other aspects of the speech, Issa said he was particularly interested to hear the president address the broad challenge the nation faces with respect to financing entitlements:

ASHLEY WEBSTER: He did win some concessions with the Republicans over the debt ceiling debate, is there more compromise available when it comes to negotiating from this point forward [with] the Republican party? Or are they going to hold firm on spending cuts and tax hikes?

DARRELL ISSA:  […] I am all for the president talking about his passion for new government programs, but right now with 40 plus percent of the budget being borrowed, there is no money for new programs, there isn’t even enough to cover social security, medicare, medicaid and the national debt service. We run out of money before we run out of entitlements. That’s what the president’s backdrop is for tonight’s speech. We run out of money before we run out of entitlements.