U.S. Senator Bob Corker - Tennessee Warns of Looming Debt Crisis
Says First Step in Tackling Should Be a Cap on Spending
In early August, Senator Corker began crisscrossing the state, visiting 26 counties to talk with Tennesseans about Washington’s unsustainable spending habits that are driving the country into dangerous levels of debt. Corker 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. Page one is agreeing on the amount of spending we can sustain as a country."
"I believe in American exceptionalism, and I believe we can solve this problem. Previous generations of Americans made sacrifices for the good of our country, so their children and grandchildren would have an even greater standard of living. It's time for us to do the same. That means living within our means. It means politicians no longer promising things to their constituents without paying for them, and it means constituents telling their elected officials they would rather sacrifice a little now than leave future generations with crippling debt."
A copy of Senator Corker’s presentation is attached below.
http://corker.senate.gov/public/?p=america-s-debt-crisis
Did You know that in 1970 this piece of Our National spending pie was at 31% or $279 Billion?
In 2010 we are spending a whopping 56% or $2.03 Trillion on this Mandatory Spending of Our taxes.
Not looking at any other piece of spending This type IS UNsustainable not only Financially by mortality rates as well, leaving Our Country dependent on foreign entities to bridge the gap, simply because we do Not have the Healthy workers needed to increase the Gross Domestic Products needed to bring Us out of this mess.
Now is the time to Act. Not only by Voting in this upcoming election for Candidates that we feel would Best represent Our convictions on where and how Our Nation will recover from this increasing debt spending with No limit in sight. We must also Act in Our Own homes for Our Families - Not waiting around for the Politicians to Do Something For Us. We Must take charge of Our Own Family's Health Crisis 1st. Only then will we see this piece of pie go back down to Normal, Sustainable Limits.
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In 1970 Our Nation's land based food supply still had plenty of Nutrients in it which would account for less Gov't spending on health procedure simply because This Nation as a whole was pretty healthy. Fast forward through the 40 years and we see a monumental increase in fast and frozen foods that supply Calories - Not Nutrients.
My Generation X has been bombarded with technology like no other before and Our Parents welcomed each new and improved device as they strove to give Us more than their Parents could give them. Now we are the Parents and with this conditioning we are more than willing to spend the Family's money on video games, music, movies and other forms of Entertainment so that Our Children will "Like" us - which Must mean that we are "good" Parents.
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