Rep. Mike Pence, R-Ind., speaks to people gathered at the U.S. Capitol in Washington on Sunday, Sept. 12, 2010 for a "Remember in November" rally to express opposition to government spending. (AP Photo/J. Scott Applewhite)
(CNSNews.com) – The United States could end up like Greece without a change of course, Rep. Mike Pence (R-Ind.) said on Sunday at a rally of conservatives in Washington.
“Left unchecked, within a matter of 15 years, the U.S. will be like Greece where debt as a percentage of GDP will essentially be the same as theirs,” Pence, the chairman of the House Republican Conference, told CNSNews.com after speaking at the 9/12 Taxpayer March on Washington.
In Greece, a financial crisis caused by debt and deficit spending led to a bailout by the European Union and International Monetary Fund. The country was forced to make massive spending cuts, producing significant social unrest.
Greece’s debt of $581.6 billion is about 170 percent of its gross domestic product, according to CNBC. For the United States, debt makes up 96.5 percent of the GDP, or $13.7 trillion.
“This cries out for fiscal discipline and reform, which Republicans are determined to bring back to the Congress of the United States,” Pence said.
Pence noted that conservative rallies were taking place both in Washington and in other locations on Sunday, as citizens rise up and demand fiscal restraint from the federal government.
“Today, here or in St. Louis or in Sacramento or at events across country over the last year, the American people are speaking with one voice,” Pence said. “Enough is enough. We are tired of borrowing and spending and bailouts and takeovers from both political parties.”
Pence said Americans “want conservative leadership in Washington, D.C.”