he Clinton rates, that only creates about $400 billion over 10 years. That's $40 billion a year. We have a trillion dollar a year deficit," said Bowles. And the spending cuts offered by the president - which are dwarfed by the new 'stimulus' spending he proposes - are "not enough. We're going to have to do more."

$10.6 trillion to $16.279 trillion -- a more than 50 percent increase in four years. President Obama was the first president in history to exceed $3 trillion in federal spending. He has done so every year of his presidency.

any has prospered because of great leadership, innovation and probably some good luck along the way, but largely because the family ownership has elected to reinvest the bulk of the business income to grow the company. The growth of Rodon is what has provided job opportunities for middle-class workers, and that’s what the president just doesn’t seem to understand."

row our economy and address the important issues facing our country. By serving on this committee, I am determined to represent the various interests throughout the state of North Carolina and be an influential voice on behalf of my constituents. The North Carolina Republican delegation has a proud history of consecutive representation on this committee in recent years from Richard Burr to Sue Myrick and I am proud to continue this legacy. I would like to thank Chairman Upton for his confidence in me and I look forward to working with all my fellow committee members during the 113th Congress."

n framework to avoid the fiscal cliff through significant spending cuts and tax reform with lower rates, consistent with the ‘balanced’ approach President Obama says he wants, but Democrats in Congress continue to rule out sensible spending cuts that must be part of any significant agreement to reduce the deficit.

hadowed the bigger issue at hand: how to avoid raising taxes on the one vehicle that can get the economy moving — small businesses.”

“What policymakers fail to realize is that most small business owners, who also employ most of the country’s workforce, declare their business profits on the owner’s personal income tax return and are taxed at the personal income tax rate. Given that the net income number for many will be over $250,000, the proposed tax hikes could have a dramatic effect on small businesses and the growth and hiring decisions they will make.”