News From Terre Haute, Indiana

Flashpoint

April 1, 2011

FLASHPOINT: Time to face U.S. spending head on

Last year, I campaigned on fiscal responsibility that would, in turn, spur economic growth and create an environment for businesses to expand and provide jobs. Having been in Washington, D.C., for only three months, you can rest assured that my conviction is just as strong now as it was then. I understand that families are still suffering from the prolonged recession and historic unemployment, which includes the labor force participation at a 26-year low. We cannot continue down this reckless path that will burden future generations with insurmountable debt.

Already, through an open process, I debated and voted to cut $61 billion in spending from Fiscal Year 2011 through H.R. 1; a measure rejected by the Democratic controlled Senate as cutting too deeply. What I reject is the status quo, which has led to our government borrowing 40 cents for every dollar that we spend. Families do not operate this way and the government can’t either. Over the past five weeks, I have voted to cut $10 billion from FY2011 spending through stopgap funding measures. This technique has been necessary due to the Democrats’ failure to pass a budget during the 111th Congress, the first time in modern history.

What we are doing cannot continue and is simply not enough. In order to address our spending problem, we must face it head on. It’s time our government cut up the credit cards and stopped spending money we don’t have. Immediately, we should cut waste and duplication from our federal government. On March 1, the nonpartisan Government Accountability Office released a report titled “Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue”. The GAO identified 81 areas where the federal government could potentially save over $100 billion of taxpayers’ funds immediately. 

Fixing our economy and changing Washington, D.C.’s spending habits are not just short-term problems, but must be addressed now for long-term considerations. We want to avoid going down this path again, especially in the near future. Recently, in a speech to the University of Frankfurt in Germany concerning the nation’s plan to avoid insolvency, Dallas Federal Reserve Bank President Richard Fisher stated, “I think we are at the beginning of the process and it’s going to be very painful.” That’s the realization that we must face together, as a nation.

The way to avoid another crisis in the long-run is to address mandatory spending, made up mostly of entitlement spending. This means we’ll have to reform entitlement programs in a way that will ensure promises are kept to current and future seniors.

I often get asked for the solution and I often reply that there isn’t a “silver bullet” and that I don’t possess a “magic wand”. Solving our nation’s problems and fixing our nation’s ills will require cooperation, will take hard work, and may take time. I seek your opinions and thoughts when it comes to solving our nation’s fiscal problems.

I began this conversation over a year ago on the campaign trail and I look forward to continuing the conversation until we reach a solution.

Rep. Larry Bucshon, a Newburgh Republican, is serving his first term in the U.S. House of Representatives. His district includes Terre Haute.

1
Text Only | Photo Reprints
Flashpoint
Latest News
TribStar.com Poll
AP Video
Raw: Air Algerie Flight 5017 Wreckage Raw: Big Rig Stuck in Illinois Swamp Raw: Bolivian Dancers Attempt to Break Record More M17 Bodies Return, Sanctions on Russia Grow Judge Faces Heat Over Offer to Help Migrant Kids Gaza Residents Mourn Dead Amid Airstrikes Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma Ohio State Marching Band Chief Fired After Probe Raw: Palestinians and Israeli Soldiers Clash Virginia Governor Tours Tornado Aftermath Raw: Air Algerie Crash Site in Mali Raw: Deadly Tornado Hits Virginia Campground Raw: Massive Dust Storm Covers Phoenix Cumberbatch Brings 'Penguins' to Comic-Con Raw: Iowa Police Dash Cam Shows Wild Chase Israel Mulls Ceasefire Amid Gaza Offensive Crashed Air Algerie Plane Found in Mali Dempsey: Putin May Light Fire and Lose Control Fox Dons 'Bondage Strap' Skirt at Comic-Con
NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity