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Posts Tagged ‘fiscal crisis’

E-Newsletter: The federal government should not pick economic winners and losers

This week, I voted against H.R. 2072 – Securing American Jobs Through Exports Act of 2011, not because I am against securing jobs, but because I am against increasing the exposure…

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Politico: Congressman Culberson on Paul Ryan’s Budget

We were not elected to ignore the problems facing our nation, nor can we afford to do so. We are in the midst of a serious debt crisis and responsible members of Congress will have the courage to address this fiscal emergency instead of calculating their political futures.

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Another Round of Quantitative Easing

Instead of printing money to mask the effects of the federal government’s economic mismanagement, Chairman Bernanke should focus on maintaining the value of the dollar and protecting the purchasing power of Americans.

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Taxpayer Report on Debts, Deficits, and Looming Tax Hikes

The House Republican Conference prepared the following report on the troubling fiscal condition of the United States.

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A Timeline of the Personal Public Debt Share for a Child Born in 2010

According to CBO and Census Bureau long-term estimates, the amount of debt placed on the backs of children born today is about to explode.  If nothing is done, our…

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The Threat of Exploding Deficits

The United States is facing an urgent fiscal crisis and the future prosperity of our nation is at stake. We are quickly approaching the tipping point where the explosive growth in government debt will squeeze out private investment and prevent our economy from recovering. Moody’s has warned that the U.S. AAA credit rating could be downgraded as early as 2013, and Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, has called the debt “our biggest national security threat.” We cannot continue to mortgage America’s future by accumulating massive debts to foreign investors like China and Middle-Eastern sovereign wealth funds, then passing the bill on to our children and grandchildren.

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“Our Biggest National Security Threat”

The United States is facing an urgent fiscal crisis and the future prosperity of our nation is at stake. We are quickly approaching the tipping point where the explosive growth…

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A Failure to Govern

For the first time since the Congressional Budget Act of 1974 was signed into law, the House of Representatives will not pass an annual budget resolution. As families across the nation are cutting their budgets and foreign governments are reducing spending, the liberal majority in Congress must find the cure for its addiction to spending. The United States is facing trillion-dollar deficits over the next decade and a national debt surpassing $13 trillion, which makes their refusal to produce a spending plan nothing less than a failure to govern.

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