(...) This year marks the centennial anniversary of Ronald Reagan's birth—and America finds itself at a crossroads that brings to mind the title of that great man's famous speech in support of Barry Goldwater's presidential candidacy: "A Time for Choosing." We should not underestimate the seriousness of the responsibility. This is the moment when we will choose whether we are to become a declining power in the world, or a nation that again surpasses the great achievements of our history.
We are over $14 trillion in debt, $4 trillion more than we owed just two years ago. In 2008, the ratio of public debt to gross domestic product was 40%. Today it's 68%, and we are fast approaching the critical 90% threshold economists warn is unsustainable, causing dramatic spikes in inflation and interest rates, and corresponding declines in GDP and jobs.
Unless we make hard decisions now, in less than a decade every dollar of federal revenue will go to covering the costs of Medicare, Social Security and interest payments on our debt. We'll sink even deeper in debt to pay for everything else, from national security to disaster relief. American families will fall behind the economic security enjoyed by previous generations. Our country will fall behind the productivity of other countries. Our currency will be debased. Our influence in the world will wane. Our security will be more precarious.
Some argue for half-measures, or for delaying the inevitable because the politics are too hard. But delay is a decision to let America decline. The longer we wait, the harder our choices become.
Continúa (...)
miércoles, 1 de junio de 2011
Huntsman apoya el Plan Ryan en el WSJ
El Gobernador Huntsman se sitúa a la derecha del GOP en asuntos presupuestarios firmando un artículo de opinión en el Wall Street Journal apoyando con más entusiasmo que algunos de sus rivales el Plan Ryan para equilibrar el presupuesto. Lo describe como un "intento honesto de salvar el Medicare" y desafía a sus detractores a plantear un plan alternativo.
Suscribirse a:
Enviar comentarios (Atom)
No hay comentarios:
Publicar un comentario