Tag Archives: Debt

Videos

Marco Rubio delivers the Republican weekly radio address

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I waited to post this until I found the transcript.

Transcript:

“Hi, I’m Marco Rubio.

“With Election Day now behind us, it’s an honor to talk to you about the opportunity before us – an opportunity to put America back on track.

“For too long, Washington has taken our country in the wrong direction: bigger government, reckless spending, and run away debt. And though I’m a proud Republican, here’s the truth, both parties have been to blame.

“This election the American people said enough is enough. That message was loud and clear. We Republicans would be mistaken if we misread these results as simply an embrace of the Republican party. This Election is a second chance. A second chance for Republicans to be what we said we were going to be.

“America is the single greatest nation on earth, a place without equal in the history of all mankind. A place built on free enterprise, where the employee can become the employer. Where small businesses are started every day in a spare bedroom and where someone like me, the son of a bartender and a maid, can become a United States Senator.

“I know about the unique exceptionalism of our country. Not because I read about it in a book, I’ve seen it through my own eyes. You see, I was raised in a community of exiles, by people who lost their country, people who once had dreams like we do today, but had to come to a foreign shore to find them.

“For some their dreams were answered here in America, but many others found a new dream. To leave their children with the kinds of opportunities they themselves never had. And that is what we must do as a nation. To fulfill our sacred obligation to leave the next generation of Americans a better America than the one we inherited. And that is what this election was about.

“In the past two years, Republicans listened to the American people and what they said is that it was time for a course correction.

“The past two years provided a frightening glimpse at what could become of our great nation if we continue down the current path: wasteful spending, a growing debt and a government reaching ever further into our lives, even into our health care decisions.

“It is nothing short of a path to ruin, a path that threatens to diminish us as a nation and a people. One that makes America not exceptional, not unique, but more like the rest of the world.

“As Republicans, here is what our commitment should be to you. Our focus must not be simply winning elections. It must be to ensure the next generation inherits a strong, free and prosperous America.

“We will govern as public servants who understand that re-election is simply a byproduct of good public service and good ideas. And most importantly, we will stand up and offer an alternative to the policies coming out of Washington for the past two years.

“The challenges are too great, too generational in scope for us to be merely opponents of bad policies. Instead, we will put forward bold ideas and have the courage to fight for them. This means preventing a massive tax increase scheduled to hit every American taxpayer at the end of the year. It means repealing and replacing the disastrous health care bill. It means simplifying our tax code, and tackling a debt that is pushing us to the brink of our own Greece-like day of reckoning.

“For many of us coming to Washington for the first time and others returning to serve, it’s a long way from home. A long way from the people whose eyes we looked into at town halls, at diners or roundtables, and promised that this time it would be different. That if you elected Republicans to office again, we would not squander the chance you gave us, and we must not. Because nothing less than the identity of our country and what kind of future we will leave our children is at stake.

“That is our commitment and from you we ask this: hold us accountable to the ideas and principles we campaigned on.

“This is our second chance to get this right. To make the right decisions and the tough calls and to leave our children what they deserve – the freest and most exceptional society in all of human history.

“Thank you for listening, God bless you and your family, and may God continue to bless the United States of America.”

I got this from Gateway Pundit.

 

Commentary

Mark Steyn explains the root cause of America’s massive debt

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Mark Steyn says that the spending and debt is just the symptom of a deeper character issue. (H/T The Way The Ball Bounces)

Excerpt:

And, without serious course correction, America is doomed. It starts with the money. For dominant powers, it always does – from the Roman Empire to the British Empire. “Declinism” is in the air these days, but for us full-time apocalyptics we’re already well past that stage. In the space of one generation, a nation of savers became the world’s largest debtors, and a nation of makers and doers became a cheap service economy.

[…]At the lower end, Americans are educated at a higher cost per capita than any nation except Luxembourg in order to do minimal-skill checkout-line jobs about to be rendered obsolete by technology. At the upper end, America’s elite goes to school till early middle age in order to be credentialed for pseudo-employment as $350 grand-a-year diversity consultants (Michelle Obama) or in one of the many other phony-baloney makework schemes deriving from government micro-regulation of virtually every aspect of endeavor.

[…]As I said, the decline of great powers invariably starts with the money. When government spends on the scale Washington’s got used to, that’s not a spending issue, it’s a moral one. There’s nothing virtuous about “caring” “compassionate” “progressives” being caring and compassionate and progressive with money yet to be earned by generations yet to be born. That’s what “fiscal conservatives” often miss: This isn’t a green-eyeshade issue. Increasing dependency, disincentivizing self-reliance, absolving the citizenry from responsibility for their actions: The multitrillion-dollar debt catastrophe is not the problem but merely the symptom. It’s not just about balancing the books, but about something more basic and profound.

I think that the problem is that people, even conservatives, have bought into the idea that life is about having fun – having a good time. It’s like there is no way we ought to be, and that there is no respect for doing what it takes to be cautious, frugal and self-reliant. No one is trying to build a life apart from government, anymore. We are all just pursuing pleasurable experiences – and we want someone else to take care of us. We are not studying difficult subjects in school, not taking on difficult jobs, and we aren’t willing to delay gratification. Somehow, we have decided that it is government’s job to equalize life outcomes regardless of our decisions.

This speech by George Will highlights the dangers of dependency on government.

Videos

Democrat Congressman says that country’s debt is a “myth”

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Wow. Watch this video of Rep. Phil Hare (D-IL).

Transcript:

And we will see a terrible price that we will pay years down the road for letting our children down when they need us the absolute most.  I’m not going to be part of that, so every minute that I have here is going to be spent debunking the myth that this country’s in debt and we just can’t spend.

He says that we have to keep spending… for the children?

Um. The annual budget deficit under Obama is about 1.5 trillion. The national debt has increased 3 trillion so far under Obama to 13.3 trillion. Our total GDP as a nation is only 14.5 trillion. By next year, our national debt will be higher than our GDP. The children are inheriting a lower quality of life than we have today. They’ll have to pay for our spending today.

Oh, here is his previous video:

In which he says that he doesn’t care that whether health care mandates are unConstitutional.