Sen. Coburn: Middle Class Will Be Destroyed

Monday, 27 Dec 2010 07:37 AM
By Julie Crawshaw

U.S. Senator Tom Coburn warned Americans this Sunday of an apocalyptic economic future, with Great Depression levels of unemployment and a destruction of the country's middle class.

The Oklahoma Republican told Fox News that unless Washington cuts spending and reduces the national debt, unemployment in the United States could rise dramatically from less than 10 percent today to 18 percent or more.

At the same time, Coburn says the nation's economic output could drop calamitously — by 9 percent. Once that happens, he predicts the middle class could be destroyed.

“I think you’ll see the middle class just destroyed if we don’t do this,â€