GOP presidential candidate and former House Speaker Newt Gingrich weighed in on the debt ceiling deal today, saying that “avoiding default is not a solution to America’s jobs and debt crisis.”
Gingrich did not explicitly call for the failure or passage of the current agreement on the table, but he did say the deal would not be a cure-all for what he has frequently called “the Obama depression.”
“This agreement only sets the stage for an enormous amount of work going forward – well beyond the next two years – on how to create jobs, reduce government spending, return to balanced budgets and pay off our debt,” Gingrich said in a statement.
“If the ultimate result of this deal is a tax increase and/or debilitative cuts in our investment in national security, it will be a destructive failure,” he continued. “With so much work remaining to be done, this deal is yet another reminder of the urgent need to replace President Obama and his radical commitment to big government and higher taxes.”
Gingrich said that, if elected president, he would solve America’s debt crisis by focusing on job creation, keeping politics out of national security spending and reducing federal spending by restructuring government.