Texas Insider Report: WASHINGTON D.C.
The National Debt has increased almost 40 under this Administration. That is whats riveting our attention.
Thats why I hope we hear no more talk about raising taxes from this Administration ... Taxes not once in the history of this country have created one job.
I hope the Super-Committee reigns Federal Spending in. Their job is to cut $1.5 trillion in Federal Spending over the next 10 years ... were proposing to cut almost a whole years worth of a budget over the next 10 years which is not enough but its a start.
Thats in addition to the $900 billion in cuts we passed (as part of the Debt-Ceiling vote a couple months ago. We need to get our Fiscal House in order.
They cant afford to fail and thats why I think theyll succeed."
Cong.Lamar Smith Chairman of the U.S. Houses Judiciary Committee. Chairman Smith is Insiders Power Player of the Week" - he talks here with Jim Cardle about President Obamas Stimulus & Jobs Speech Take II as well as the nations economic plight Septembers Super Committee Hearings and more.
