Uncertainty Hampering Job Creation
Talking to WOWO 1190AM’s Charly Butcher this morning, Dan Coats said, “The policies coming out of Washington right now are not doing the job” to get our economy rolling again and create jobs. “[The] unemployment rate has only gone up, not down” thanks to the Obama-Ellsworth plans of “spending to stimulate” the economy. It has only led to “uncertainty” and more “taxes, regulation and new spending programs” – none of which are job creators.
In fact, Dan said, this “lack of optimism means [businesses] aren’t hiring new people.” At a time of near double-digit unemployment across the country – including at home in Indiana – optimism and certainty in our economy is vital to getting America back on track and Hoosiers back to work.
In addition, Dan briefly spoke about the Iran report he co-authored. You can find the report here .
Yesterday’s Round-Up & Today’s Roundtable
Yesterday, Dan traveled to Warsaw, Columbia City and Fort Wayne. In Warsaw, he met with a group of Tea Party leaders over lunch and then headed to Columbia City to greet patrons at C C Deli.
This morning, Dan will attend a Roundtable with Health Care Professionals at DuPont Hospital in Fort Wayne.
During previous roundtables in Seymour and Crown Point, doctors and other health care professionals have expressed their concerns over the recently enacted Obama-Ellsworth-care health spending bill. Specifically, doctors are pessimistic about the future of their profession, upcoming cuts to Medicare reimbursement rates and the ability to ensure quality care for their patients under new government mandates and regulations.
In Case You Missed It: Joint Chiefs Chairman Reiterates Security Threat of High Debt
In an article by The Hill newspaper , Joint Chiefs Chairman Admiral Mike Mullen says:
Adm. Mike Mullen also renewed his warning that the nation’s debt is the biggest threat to U.S. national security. “I was shown the figures the other day by the comptroller of the Pentagon that said that the interest on our debt is $571 billion in 2012,” Mullen said at a breakfast hosted by The Hill. “That is noticeably about the size of the defense budget. It is not sustainable.”
Our mounting and unsustainable debt – having topped $13 trillion for the first time in history – is the subject of a page on the Dan Coats for Indiana website. You can see Dan’s thoughts here .
In it, Dan writes:
No country can maintain its status in the world and maintain a vibrant economy with that kind of debt. You can’t do that if you own a home. You can’t do that if you own a business. You can’t do that if you’re running a local community or a state. And you certainly can’t do that on a national basis without serious negative consequences. Yet, Congress has raised our national debt limit five times in the past two years – including three times in 2009. In just the past year alone, the debt we’ve incurred will have an effect over time in terms of devaluation of the dollar, taking our world credit rating down, and all the consequences that come from a stagnant and failing economy. All the debt and interest that we have to pay is going to affect America now as well as in the future.
[Full disclosure: Pete Seat is the press secretary for the Coats for Senate campaign.]