9: Fiscal Discipline
Retore Fiscal Discipline Other Information:
“The cost of our debt is one of the fastest growing expenses in the federal budget. This rising debt is a hidden domestic
enemy, robbing our cities and states of critical investments in infrastructure like bridges, ports, and levees; robbing our
families and our children of critical investments in education and health care reform; robbing our seniors of the retirement
and health security they have counted on. . . . If Washington were serious about honest tax relief in this country, we'd see
an effort to reduce our national debt by returning to responsible fiscal policies.”— Barack Obama, Speech in the U.S. Senate,
March 13, 2006 The Problem -- Increasing Debt: Under President Bush, the federal debt has increased from $5.7 trillion to
$8.8 trillion, an increase of more than 50 percent. Irresponsible Tax Cuts: President Bush's policies of giving tax breaks
for the wealthy will cost the nation over $2.3 trillion by the time they expire in 2009.
Objective(s):
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