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The Economy & National Debt

Dick Muri Economic Policy

National debt and out of control spending robs future generations. Recent administrations have ignored the ever-growing national debt, which leads us to an unsustainable path to insolvency, as our debt will be greater than GDP.

The federal debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released by the non-partisan Congressional Budget Office.  Furthermore, the fiscal year deficit will reach an amount only surpassed by 2009’s deficit.  Economists predict the 2011 budget will have deficit of nearly 1.3 trillion dollars.  Further projections place the ten year deficit over 8 trillion dollars.

 

The growing debt crisis will only be fueled by the current administration’s new healthcare system reform laws. Furthermore, as baby boomers retire, the already over-burdened entitlement programs will be strained beyond a level we have ever seen.

 

This spending is nothing more than selfish, generational theft, and we will not stand to see our children bearing the burden of our inability to manage a budget. Responsible spending, entitlement reform, and reducing pork barrel spending are required to fix this mess.

 

As Washington States 9th district representative, I will fight to ensure a national balanced budget is created.  We must cut spending, reduce our budget estimates to realistic amounts, and make sure we're doing what every American family does, we cannot spend more than more than we make.

 

Taxing our way out of debt is not a solution for the government nor the individual. The government must promote economic development of free enterprise. The 9th District voters want to reduce our national deficit through economic growth; not through a massive increase in taxes.


  • I support cutting spending in order to cut taxes on business and individuals which will free up capital, incentive investing, and produce new jobs.
  • I will fight to ensure a balanced budget is created, eliminating excess spending and corporate earmarks.
  • I will fight to stop government bailouts no longer spends America’s or 9th District tax dollars on bail outs and then foots you will the bill.
  • I will develop and endorse only responsible solutions in congress so our children and future generations will enjoy the benefits of their hard work instead of depending on government handouts.

 

 

 

 
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