Congressman: Greece-like ‘day of reckoning’ complete with ‘riots’ to hit America soon if country keeps going down same path
Louisiana Republican Rep. John Fleming told The Daily Caller that, ever since President Barack Obama’s re-election last Tuesday, he has been advising Americans to play it safe financially because he believes the economy — and the state of the country — may soon get much worse.
Fleming said he’s telling concerned constituents and business owners to “not extend yourselves in debt, make sure that you pay off things, don’t get into debt with credit cards, stay as liquid as possible. Don’t take risk, and don’t get into debt. You need to stay less vulnerable economically over the next two to four years, in hopes that the economy will sort itself out, and that Washington will get its act together.”
Fleming said he thinks the presidential election was hardly a mandate for Obama’s liberal policies, or a populist rejection of Republicans’ conservative ideals.
“I think always, when you have a candidate promising free stuff, and another promising less stuff or nothing, the one who promises more is always going to have the advantage,” he said. “The problem is that we’ve been doing that for about five decades, and it’s getting us into serious trouble.”