The United States of America is in a bad way fiscally. The US Treasury reports:
that the U.S. deficit for the fiscal year ended September 30 is $1.29 trillion, the second largest in history (after 2009).
The national debt is $14.8 trillion. Our GDP is $14.9 trillion.
The financial crisis of 2008 reached critical mass almost precisely three years ago. And in Washington, the band plays on.
It doesnt have to be this way. The band in Washington isnt really playing on; they took their hands off their musical instruments and put them around the countrys economic throat years ago. We are by talent and resources among the richest nations on earth, and by our political freedoms, far and away the greatest. But for going on 30 years now, while we have spent more money that we take in, we have chosen to put much of our natural wealth off limits. That choice has led in direct and indirect ways to the straits we find ourselves in now, at the mercy of some of the worlds worst actors to fuel our economy, and on the precipice of bankruptcy. The current president has taken just about every negative fiscal trend and choice and accelerated them. The best line about Obama is simple: He made it all worse. He has made it harder for us to exploit our natural wealth, by making more of it off-limits and by using regulations to make it either too difficult or even illegal to tap. Whether he believes he had noble reasons or not is irrelevant; the effect of Obamas actions is that everything is more expensive, jobs are more scarce and America is less secure.
In his energy plan, Perry shows that he understands all of this, and will fix the problem.
Gov. Rick Perry delivers Energizing American Jobs and Security
Source speech at the United States Steel Irvin Works in West Mifflin, Pa
October 14, 2011..........Gov. Rick Perry: "The plan I present this morning, Energizing American Jobs and Security, will kick-start economic growth and create 1.2 million jobs.
It can be implemented quicker and free of Washington gridlock because it doesnt require congressional action. Through a series of executive orders, and other executive actions, we will begin the process of creating jobs soon after the inauguration of a new president.
There is, of course, an important role for Congress to play. And in a matter of days I will offer to the American people a broader package of economic reforms that I will take to Congress when I am elected President. My complete economic growth package will tackle tax reform, entitlement reform and real spending reductions in order to address our growing debt crisis."............
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