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Entries in National Debt Day (1)

Wednesday
Apr222009

Declaration Of War On The Mid-West



Coffee Brown, University of New Mexico, Talk Radio News

Republican Representatives emerged from a GOP conference with continuing criticism of the Democratic budget.

This Sunday will be National Debt Day, the day on which federal spending surpasses revenue, and it occurs three and a half months earlier this year than last, said John Boehner (R-Ohio). “I attended a taxpayer tea party in Bakersfield, California; people are angry and they’re scared,” he said, “because the kind of spending and borrowing that are going on here are imprisoning their children’s future.”

Eric Cantor (R-Va.) said, “As we come to the end of the first hundred days of this administration, the era of bipartisanship we’d hoped for could be improved. We do want to work together. Washington should be more thoughtful.”

Cathy McMorris Rodgers (R-Wash.) said that constituents are concerned about debt and the future of America and “The fact that we are facing $9 trillion worth of debt, and that’s going to be on the shoulders of our children and our grand-children.” She said that the Democratic budget lacks transparency and oversight. Constituents, she said, have to tighten their belts, while the federal government is “spending like crazy.”

Mary Fallin (R-Okla.) said the oil and gas producers in her fossil-fuel-rich state are very concerned about Obama’s policy of discouraging carbon-emitting energy. She said that jobs and production are already declining in anticipation of policy changes.
Fallin estimated the Cap-and-Trade taxes would hit $30 billion, working out to about $3,000 per year in increased energy costs for an average household, would fall most heavily on the poor and elderly and would cost seven million jobs.

Mike Pence (R-Ind.) said that hearings on Cap-and-Trade begin this week. He said the Democrats are not providing sufficient information about the costs, though Obama has acknowledged in the past that electricity prices would rise. “The reality is the Cap-and-Trade legislation offered by the Democrats amounts to an economic declaration of war on the Mid-West by liberals on Capitol Hill,” he said.

Pence said the $3,000 per household figure came from an M.I.T. study that estimated the total carbon fees and divided them by the total number of households in America. He acknowledged that the administration had promised ways of mitigating the economic impact for those hardest hit, but said that such promises are vague and “illusory.”

Boehner agreed that we must “get serious” about reducing carbon emissions and reducing the need to import oil, but he urged increased nuclear power as the only realistic way to do that.