Our current economic situation is frankly the result of past Congresses and their collective failure to provide long-term, systemic remedies to reduce the deficit and reduce the debt. Simply put, what the federal government spends far exceeds what the government receives in revenue.
This reality requires Congress to take significant measures to address government spending. Many federal programs are duplicative and wasteful and hinder economic growth. Over the last several years, government funding for many federal programs has increased at a rate that exceeds both inflation and the growth of the budgets of South Carolina families.
Changing the tax and spend attitude in Washington is not easy, but with hard work and perseverance we can make certain our children and grandchildren are not forced to pay for the mistakes of our generation. It is no longer good enough to say no to bad ideas – we must also say no to good ideas to get our fiscal house in order.