Whether you’re a Republican or Democrat, one would think there should be bipartisan consensus that we cannot tax and borrow our way back to a healthy economy. Unfortunately, that’s not so in Washington, and I am working to change our direction.
Since I’ve arrived in Congress, well over $1 trillion of discretionary spending has been approved with too little debate about the consequence to our future generations. The amount of increased debt needed to pay for the spending in the last month alone is the same debt incurred over two centuries, between 1789 and 1978. This unprecedented amount of new debt is a tremendous burden that will be placed on our children and grandchildren.
Folks in Washington should be setting a positive example to the rest of the country by tightening our belts and reducing wasteful spending rather than using this economic crisis as a means to fund projects that could not get funding if they had to stand on their own merits. The President said in his address to Congress that he was ready “go line-by-line through the federal budget in order to eliminate wasteful and ineffective programs,” and I am ready to help him when he actually does this.
The Administration's new budget will place more unneeded stress on jobs all around the country – adding to the already tremendously high unemployment figures. This budget raises taxes on almost all Americans in the midst of a serious recession. Small businesses, family farms, middle-class families, retirees, 401(k) owners and energy consumers will all be hit by President Obama's tax hikes.... read the rest of the story by Subscribing now.