WHY OPENING AND FUNDING THE GOVERNMENT WAS CRITICAL FOR AMERICA
America faces a serious economic crisis with a $17 trillion debt and $60 trillion of unfunded entitlement mandates, as I conveyed through interviews in the last several days on CNN (three times), CNBC, MSNBC (twice), BBC World News, and Fox News . On the present spending trajectory, according to budget writers Paul Ryan, Erskine Bowles, and Peter Orzag, we will financially collapse like Greece unless we make significant outlay adjustments. Medicare will be insolvent at the current pace within ten years.
The debt ceiling vote provides a three-month window to allow House and Senate budget writers to negotiate critical, necessary reductions in spending levels. Meanwhile, the debate and fight over Obamacare will continue, as more hardworking Americans struggle with 200-300 percent increases in premiums, Congressional Budget Office prediction of unsustainable costs become reality, and major job losses as companies no longer want to hire full time employees to avoid the costly healthcare mandate.
We must recognize that timing is critical to be successful in restoring correct fiscal policies. Ronald Reagan was a master in building public support for new policies and initiatives prior to engagement. As I stated this summer, Obamacare is and will be a failed policy. However, as we saw, the President is fully committed to this legislation as a crown in his legacy. Passion in issues cannot supersede reason, as we build our case to defund or replace Obamacare, when it becomes politically achievable under a Republican Senate majority and a Republican president. Regrettably, there were only 14 votes to support defunding Obamacare in the Senate.
In the meantime, funding our Government is a necessary responsibility. As Chairman of the Congressional Taskforce on Terrorism and Unconventional Warfare and following numerous intelligence briefings, there is a growing concern that our national security could be impaired, affecting the CIA, FBI, Homeland Security, border security, and other related intelligence agencies.
As your United States Congressman, I am ranked the most conservative in North and South Carolina by Heritage Action. My commitment to the conservative movement goes back 40 years, having helped begin the Jesse Helms Foundation and serving on its board for a decade, and also receiving numerous awards from Americans for Prosperity, Eagle Forum and other conservative organizations. In the State Senate, I was ranked the Most Conservative by various think tanks.
We must recognize, however, that America is 20 percent of the world's economy and our decisions to fund our government, albeit mismanaged by those of the Keynesian, centralized planning, liberal philosophy, is critical to stabilizing U.S. and world markets.
Of note, I read a speech on the House floor last week quoting then-Senator Barack Obama in March 2006 where he lambasted President Bush for a $5 trillion debt, stating this is a "failure of leadership". Today, President Obama's proclivity for the expansion of the Federal Government has resulted in a $17 trillion debt. We cannot continue to spend $3.5 trillion annually while receiving $2.5 trillion in revenue. That is irresponsible and will fiscally destroy this country.
Please join me in this fight for the future of our country. Let's strategically and tenaciously work together, recognizing the prudent time to fight and win.