As the Aug. 2 deadline to raise the debt ceiling looms, neither party seems to be getting the message. It is immoral to continue to borrow money from our children.
Our country has had an irresponsible budget for decades, but in October 2008, our deficits skyrocketed. Both parties argued that the spending would be temporary, but current deficit projections demonstrate that we will reach debt levels that can cause economic collapse within the next five years. If we are to protect our future, we must change course now.
The results of the stimulus are in; even using the administration’s own loose definition, the stimulus spent $278,000 for each job “created or saved.” In fact, a simple look at earlier predictions and actual results reveal that the number of jobs created were almost half of what the Obama team predicted, and the benefit to our econ
Our country needs leaders who will move beyond the partisan attacks and propose real solutions to our problems. The current debt ceiling debate demonstrates that the leaders of both parties are to blame for our current fiscal mess.
This week, the government hit its debt limit of $14.3 trillion. While our representatives want us to believe that they are addressing the debt issue, all indications are that they will increase the debt limit by $2 trillion to keep the government running through the elections in 2012. This means that they are planning another $1 trillion plus deficit next year.
The Congressional budget process is actually quite reasonable when properly followed. The process requires Congress to first agree to a budget resolution that defines the priorities in the budget. This is then followed by legislation that implements the goals identified in the budget resolution. The key to making this process work is to start from a point of bipartisan agreement in establishing common priorities and then leave the details to later debates, always having the debates point back to the common priorities.
While the new Congressional district boundaries have not been finalized, it has become increasingly clear that I will be redistricted into Virginia’s 11th district. I view this as an exciting development, since the 11th district incumbent, Gerry Connolly, is likely to remain among the most vulnerable incumbents within Virginia. And like most of the rest of our Congress, Connolly has repeatedly supported massive increases in government spending since he entered office.
Our nation's military deserve a huge amount of thanks for all they have done to keep us safe over the last 10 years, and we should all celebrate that we have eliminated the key Al Qaeda threat. However, we must take advantage of this opportunity and now:
The current effort to build the rail line to Dulles airport is ill-advised and will only worsen our traffic problems. There have been many bad decisions along the way, but two recent decisions highlight the fundamental problem: