And taking more money out of the private economy and having the government perform as it has poorly done with the stimulus I don't think is the right way to go.
Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest.
I've got a chart here that shows our debt-to-GDP ratio. And while we did run deficits in the past, we now number our debt in trillions rather than in billions. And I think that represents a long-term danger, especially to the, the American dream.
Secretary Rumsfeld used to represent parts of our district in the 1960s. I think that he and his team have done a masterful job in defeating Iraqi forces quickly and decisively.
The decision to go to war is the most important decision that I can make as a representative in Congress. As a veteran, I see any potential military action first through the eyes of the young men and women who volunteered to wear the uniform and would carry out such a mission.
When you look at the state of the economy right now, you have to set a priority. And my top priority is the deficit of jobs and economic growth, and especially this perception that the United States could be falling behind especially Asian economies.
