Tuesday, May 25, 2010

Issues: Deficit Reduction & the National Debt

 At 1.3 trillion dollars and climbing, our current annual federal budget deficit is proof that we cannot borrow our way out of debt, and we cannot spend our way to prosperity. We simply cannot continue to allow our federal government to borrow, spend and bailout entire industries at the expense of future generations of Oklahomans. Our national debt is already over 13 trillion dollars.

I believe that government can have a role in our economic recovery, but it needs to be limited and effective. Our vast and intrusive federal government is now growing well beyond the powers delegated to it in the Constitution and this centralized power is a direct threat to our personal liberties.

While we are right to be concerned about the international threats posed by rogue nations and terrorists, there is perhaps no greater danger to the security of our nation than our national debt. Yet today’s politicians continue to spend freely, placing immoral debt onto the backs of our children and grandchildren.

I will work hard to be a conservative steward of your tax dollars, fighting against increases in taxes, spending, and debt. This debt is a drain on our economy and our potential for growth. It must be dealt with quickly by producing real balanced budgets. We know that we can grow our economy and produce jobs through positive stimulation like tax cuts. And a balanced budget and economic growth will pay off our debt long before our children and grandchildren have to pay the cost.