By Congressman Mac Thornberry
Texas Insider Report: AMARILLO Texas One of the most common questions I receive is why doesnt Washington just stop spending so much?" People are alarmed that the economy remains weak unemployment remains high and government spending is out-of-control. We are taking on more and more debt that threatens to sink our economy. Federal spending and deficits are increasing at levels unseen since World War II.
Let me share a real-life example of how serious the situation has become.
In late January I had the privilege of speaking to a group of high school seniors from Randall High School in Amarillo about the nations financial situation.
At that time each students share of the national debt was about $39000.
Less than seven months later each share of that debt is $42739 an increase of nearly 10 percent.
The Congressional Budget Office issued a stern warning earlier this week that unless policymakers restrain the growth of spending increase revenues significantly as a share of GDP or adopt some combination of those two
approaches growing budget deficits will cause debt to rise to unsupportable levels."
Economists remain concerned as well forecasting that U.S. economic recovery will remain slow deep into next year as consumers remain reluctant to spend and employers hesitant to hire.
Our way of life and our economy are in jeopardy because our government spends too much and taxes too much. The result is a weak economy and an astounding $13.1 trillion dollar debt.
Some say we must increase revenues and keep up the spending in order to jump start the economy. Increasing revenues is another term for raising taxes.
And that would be the absolute wrong thing to do.
Cutting spending and removing some of governments stranglehold over the marketplace are essential.
Let me know what you think about the economy and government spending. I always appreciate hearing from you on issues that come before Congress.
I also welcome your ideas to get America back on the right track.
What Im hearing from the 13th District
More News ... In Case You Missed It
| The 13th Districts Ideas for a Better America |
The best ideas dont come from Washington they come from places like our part of Texas. I think we can all agree that we need some fresh ideas and common sense policies right about now.
In an effort to let the voices of the citizens of the 13th district be heard I launched an Ideas for a Better America" blog. At this site you can offer your ideas about how to make this country a better place. You can do so by submitting a video or your written thoughts. This blog will allow us to speak directly with each other to share our thoughts and perhaps even generate some new ideas.
I want to hear from you. Your input helps me do a better job of representing you in Congress. To submit a video with your ideas please
click here and scroll to the bottom of the screen for instructions on submitting a video idea and permission form.
I look forward to hearing from you soon.
