Tuesday, September 14, 2010

Corker Warns of Looming Debt Crisis

Says First Step in Tackling Should Be a Cap on Spending
Over the Senate’s recess, Senator Corker visited 26 Tennessee counties and delivered a sobering, 18-slide presentation about the unsustainable federal spending habits that are driving our country into dangerous levels of debt. He is working on legislation to cap spending at a sustainable level, force Congress to make tough choices and incentivize economic growth.

"There is absolutely no construct for fiscal discipline at the federal level. If we do not change the path we are on and dramatically reduce our level of spending in relation to our country's gross domestic product, I believe we are in danger of becoming the first generation of Americans to leave our country in worse shape than we found it," Corker said. "We need to change the conversation, and I think that means focusing on the big picture first. The gnashing of teeth about tax policy and spending cuts will come, but that's page three, four and five. Page one is agreeing on the amount of spending we can sustain as a country."

I urge you to watch this fact-filled 23 minute video. It may be a little boring and it will depress you, but you need to watch it. It will challenge you to think about how we can began to address the debt crisis that will destroy our country if don't get a handle on it. In this sobering, 18-slide presentation, Corker uses charts and graphs to illustrate Washington’s spending trends and mounting debt.

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1 comment:

  1. Rod:

    Every elected representative should be talking about this issue nonstop. Every citizen should be talking about this nonstop. But remember, Jim Cooper had one of these Power Point presentations too and what good did that do? Citizens need to demand a stop to deficit spending, period.