Recently, I had the opportunity to hear Senator Bob Corker, (R-TN) make a presentation on the dangers of the national debt. To the involved citizen, his PowerPoint presentation was admittedly an elementary explanation of the mess in which our country finds itself. I suspect that he has discovered that many citizens have no idea how desperate our situation really is and is trying to get the message out to his constituents.
Posts Tagged ‘Deficit’
A recent Tennessean poll revealed what many had known for some time. Tennesseans are worried about jobs, period. Yes, health reform has been a big topic. Cap and Trade has been a big topic. Financial reform has been a big topic. But these issues are not as important to constituents unemployed and unable to find work. A lost health plan, increasing energy costs though unable to pay current energy bills, and changes to bank regulations on a house account with very little in it, etc. The solution to those issues is contingent on finding and securing a job.
It appears that someone may have been mistaken when he voted in favor of the HealthCare bill. Congressman Jim Cooper told us he voted for health care reform because it would lower the long-term federal deficit but, once again, he has proven to be wrong on fiscal policy.
The Congressional Budget Office released new estimates today that health care reform will cost $110 billion more than was claimed when Congress passed the legislation last month. In fact, costs are now expected to exceed $1 trillion over the next 10 years. The new CBO estimate wipes out President Obama’s claim that health care reform would reduce the federal deficit by more than $100 billion over the next 10 years.