Congressman Pearce and the deficit

Congressman Steve Pearce says that the large federal deficit “puts our nation at risk.”  I’m glad he finally acknowledges this, because he is one of the elected officials who created this mess.  When Pearce entered the U.S. House of Representatives in 2003, the federal deficit was $490 billion and it ballooned to $1.4 TRILLION by the time he left in 2009.  NOW he’s realizing that the deficit is a problem?!

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2 thoughts on “Congressman Pearce and the deficit

  1. I agree. This entire financial crisis is one created by congress. It started with the war in Iraq and the vote in congress to fund it by taking out a loan. Steve Pearce voted “yes” to both.

    Congressman Pearce supports smaller government in the form of less regulation and government oversight. Lack of oversight brought us the bank failures and subsequent near bankruptcy of the auto industry. There again, we paid to alleviate both of those crises with borrowed money.

    Now, by supporting the endless bickering in congress, Steve Pearce has contributed to this latest self induced crisis which has resulted in the downgrading of our nation’s credit report.

    I am thoroughly disgusted by all of this, as we all should be. Congress, and our own representative Steve Pearce, is driving our country recklessly and without regard to the safety of his fellow citizens. With his disregard of our country’s financial well being, Congressman Pearce has jeopardized not just the state of our economy, by our national security as well.

    China holds the majority of our national debt. They are our banker, in other words. Consider what happened in our country when the economy collapsed and homeowners lost their jobs. The banks foreclosed on their property and the former homeowners – and their families – were on the street. For them, the crisis was devastating.

    The same could be true for our nation as a whole. Steve Pearce shares responsibility for putting our national security at risk. It is doubtful that China will start dumping the US debt that it holds because China itself would lose more than a trillion dollars if it did. But that’s what the war in Iraq cost. If Steve Pearce was willing to spend that amount of money to start an arguably unnecessary war on the opposite side of the planet, might not China do the same?

    I’m going to hold Steve Pearce accountable in the next election and I hope the rest of us do, too. I hope the Republican Party can find someone to seriously challenge him in the primaries.

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