Friday, February 12, 2016

Congressman Brooks: DC's Generational Theft

Congressman Mo Brooks (AL-05) called on Washington to balance America’s budget before it is too late to prevent a devastating insolvency and bankruptcy.

In an address to the U.S. House, Rep. Brooks observed that House Republicans inherited a $1.3
trillion deficit in 2011 and successfully cut annual deficits every year since winning the House in 2010 (to a still dangerous but much better $439 billion by 2015).

However, newly released data from the nonpartisan Congressional Budget Office (CBO) projects Fiscal Year 2016’s deficit will worsen by $105 billion (the first deterioration since Republicans won the House in 2010) and that America will blow through the $29 trillion debt mark in a decade, in large part because Congress passed a trillion dollar Omnibus spending bill that adds tens of billions of dollars to FY 2016’s deficit.
Further, Rep. Brooks added, “the CBO warns that, absent correction, America’s debt service costs will increase by $600 billion per year within a decade . . . roughly what America spends on national defense!”

Brooks stated, “America’s total debt approached $14 trillion when I was elected to Congress in 2010. We’ve blown through the $19 trillion mark. Now, the CBO projects America will blow through the $29 trillion debt mark in a decade!

For emphasis, Washington is engaged in the worst generational theft in American history. Washington steals from our children and grandchildren with a callous devil-may-care attitude so that we can, today, live high on the hog even though it forces our children into hardship and poverty!”

Brooks continued, “Mr. Speaker, Americans are rightfully angry at Washington elected officials who care more about special interest campaign contributions than American voters or America’s future. 

Will the American people channel their anger in the 2016 elections and elect Washington officials who both understand the threat posed by deficits and debt and have the backbone to fix it?

The answer to that question determines whether America continues as a great nation and world power . . . or declines into the dustbin of history.”

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