The Naked Truth About Our Fiscal Situation
As the health care debate continues, Sen. Voinovich has serious concerns about the long-term fiscal impact of the bills being debated in Congress. He recently took to the Senate Floor to provide his colleagues and the American people with an update on our catastrophic national debt. Sen. Voinovich used the popular children’s fairytale, "The Emperor’s New Clothes," to describe the fiscal train wreck facing our nation. He told his colleagues and President Obama, "the emperor has no clothes, and we are naked in terms of dealing with our deficits and national debt."
Sen. Voinovich asserted that the irony of the situation is that the American people know we are naked and so does the rest of the world. The question now is, can we really afford a new trillion-dollar health care program when we have yet to deal with our current fiscal responsibilities? Congressional Budget Office Director Doug Elmendorf has said the current health care proposal would 'significantly expand the federal responsibility for health care costs,' putting the nation further into debt. Our national spending is already out of control and our national debt continues to skyrocket. The debt burden has grown from $5.6 trillion in 1999, when Sen. Voinovich first came to Washington, to a staggering $11.8 trillion today – a more than 100 percent increase in 10 years.
http://voinovich.senate.gov/public/index.cfm?FuseAction=NewsCenter.SenVoinovichsColumns&ContentRecord_id=e9c6bda1-d787-46e0-4544-1b94a45d9e25&Region_id=&Issue_id=">Sen. Voinovich will continue to shed light on these catastrophic economic facts until Congress takes real action to reverse these harmful trends.
--*--
Or until his cognitive disfunction totally does him in
Where was his prudent skepticism when he cheerleaded a trillion dollar fiasco in Iraq?
--*--
More Voino newsletters (electronic bird cage liners):
http://voinovich.senate.gov/public/index.cfm?FuseAction=NewsCenter.Newsletters