Our national debt numbers DO NOT include our unfunded
liabilites such as Social Security, Medicare and others.
These debts today total:
$60 Trillion /
$244K per individual
"As we continue to
ring up debt, our children's
future is slipping away.
Do Republicans and Democrats care?"
In the last 50 years, federal debt has climbed from $290 billion
to more than $13.5 TRILLION. In 10 years, it’s projected to be
over $21 TRILLION. Add to this the $60+ TRILLION in unfunded
liabilities for
Medicare, Medicaid, and Social Security (with no money set aside)
and you get an idea the size of the hole we've dug for our
children. It's time to stop digging and find a way out of this
hole.
There are some
who suggest that to solve the deficit problem we must cut taxes
and shrink government. This sounds good, and I do support a
smaller, more efficient government, but with a deficit of well
over $1 TRILLION and large deficits forecast for the next 10
years, what programs and services will be cut? It's easy to say
you'll cut taxes but not have the courage to explain what cuts you
will implement to balance the budget.
There are others who suggest we can expand programs and increase
spending while not raising taxes on anyone who makes less than
$250,000 per year. This is folly. Those who support this option
lack courage to bring the budget into better balance by trying to
make everyone happy without facing painful choices. Neither
solution will work. An “easy” solution might have been possible in
1990, but not in 2010. To give our children the best chance to
have a prosperous and secure future, we must find a way to bring
fiscal sanity and responsibility back to government.
I believe the deficit problem presents our country’s greatest
challenge outside a time of world war. I also believe we will only
solve this problem by working together, not by clinging to party
separatism. This does not mean we must agree on every solution,
but we must agree on where we want to end up – with a financially
secure future for our children. Partisan politics and an attitude
of “I win, you lose” will not solve the problem.
It's time for
fiscally responsible, independent representation for NH
in Congress
