Sadly, the President's budget proposal for the upcoming year once again puts cutting taxes for the wealthiest Americans over addressing our country's severe fiscal problems.
President Obama flew to a rally in Las Vegas last night. However, he did not visit any of the casinos. You know why? When you're $16 trillion in debt, they don't let you in.
What's hurting the U.S. economy is total government spending. The deficit is an indicator that the government is spending so much money that it can't even get around to stealing all of the money that it wants to spend. But the tip of the iceberg is not what hit the Titanic - it was the 90 percent of the iceberg under water.
We have major fiscal problems on our hand.
I know the exploding cost of health care is at the root of our long-term fiscal challenges.
I think crisis starts with the government of Puerto Rico. It has to take measures to solve the fiscal problems that it has, which are very serious. It's very basic: it's the same thing that is happening in Washington.
I don't buy into this, 'Oh, poor us. We've got tough budget problems.'
We cannot accept the status quo of throwing more taxpayer money into a broke and broken system.
New York State is upside down and backwards; high taxes and low performance.
The biggest problem with the deficit is programs that are unconstitutional and wasteful.
A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices.
My background in financial services and my experience as a state representative have given me the ability to identify our country's fiscal problems and find steps to remedy them.
This nation suffers from three deficits—a trade deficit, a budget deficit, and an education deficit. I submit, that the trade and budget deficits will not be resolved until we overcome the education deficit.
Well, clearly, for me in the immediate future, it is grappling, like so many other governors are grappling, with the economic woes of these states. We were all hoping to see some federal relief.
When we have $20 trillion in debt, and our country's a mess, you know, it's one thing to have $20 trillion in debt and our roads are good and our bridges are good and everything's in great shape, our airports. Our airports are like from a third world country.
Well, I think that California has had a history of always spending more money than it takes in.
The country has large unfunded liabilities - social security, health care, and there will have to be some adjustments to these problems. What is scary though is how much worse things have gotten in the last eight years, and the Iraq war is one of the main factors.
