The national debt and the unrestrained growth of government spending are among the greatest threats to our nation’s future. Each year, the federal government spends more and more of your dollars on corporate handouts, pork-barrel projects, welfare programs and out of control entitlements. Unless something is done, interest payments on the debt alone will consume the entire budget by the year 2050. Taxpayers can no longer afford this. We need to cut spending and balance the budget before it’s too late.
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Soundbite: With our nation our at war and the threat of another terrorist attack at home very real, the importance of the institutions of government responsible for administering justice cannot be overstated. Unfortunately for Americans, Senate Majority Leader Tom Daschle and Senator Patrick Leahy (D- Vt.) are stonewalling on President Bush's judicial nominations. Both Democratic Senators are blocking President Bush's nominees from ever receiving a committee hearing or a vote on the Senate floor. This partisan obstructionism is indefensible and harmful to our legal system. Meanwhile, the U.S. Justice Department has been devoting scarce tax dollars towards a baseless racketeering case against the tobacco industry instead of protecting and defending Americans from future terrorist attacks. Americans deserve a Justice Department that places protecting the nation from terrorist attacks ahead of pursuing frivolous lawsuits against law-abiding companies.
In his first State of the Union address last night, President George W. Bush spoke powerfully and passionately about our great nation. He recalled the great strength and courage we have shown in the wake of the terrible terrorist attacks of September 11th and looked forward to the challenges and opportunities that lay ahead of us.
In his first State of the Union address last night, President George W. Bush spoke powerfully and passionately about our great nation. He recalled the great strength and courage we have shown in the wake of the terrible terrorist attacks of September 11th and looked forward to the challenges and opportunities that lay ahead of us.
Last week, the nonpartisan Congressional Budget Office (CBO) announced that the estimated 10-year federal budget surplus would be $4 trillion lower than last year's estimate for the same time frame. While a $4 trillion difference is staggering indeed, this reversal of fortune should be a reminder of the precariousness of economic activity and the futility of 10-year projections.
ACTUAL REMARKS MAY VARY
THE PRESIDENT’S STATE OF THE UNION ADDRESS
Mr. Speaker, Vice President Cheney, Members of Congress, distinguished guests, and fellow citizens:
As we gather tonight, our Nation is at war, our economy is in recession, and the civilized world faces unprecedented dangers. Yet the state of our Union has never been stronger.
On Tuesday, President Bush delivered his first State of the Union address to the American public. Not surprisingly, the war on terrorism was a major focus, as was homeland security. Bush also touched upon a few domestic policy initiatives and the unease with corporate America generated by the collapse of Enron. In the next few weeks the president will deliver his budget to Congress, which will provide a more detailed description of some of the plans outlined in his State of the Union. The budget will make one thing clear: Washington has some tough choices ahead as early projections show deficits for the next two years. President Bush has outlined an ambitious program to provide for the security of the American people. With deficits looming, the president and Congress must revisit many costly programs and reorder budget priorities with an eye toward prudence and responsibility.
The citizens of Florida have been hit hard by the current recession. Many people have lost jobs as business struggle to make ends meet. The Florida legislature should not compound the problem by backing a broad-based tax increase at a time when our economy is sluggish.
Senator John McKay has made a proposal that would do just that - raise taxes! Worse, it seeks to shift the tax burden from tourists to the engine of Florida's economic growth : private enterprise.
The National Debt has doubled in just the past 5 years. It's projected to triple over the next 10 years. Washington is now borrowing 40 cents of every dollar it spends.
