Corker Presents The Facts About America's Debt Crisis

In an excerpt from a presentation delivered August 18, 2010 to the Chattanooga Chamber of Commerce, U.S. Senator Bob Corker (R-Tenn.) uses charts and graphs to illustrate Washington's spending trends and mounting debt. In early August Senator Corker began crisscrossing the state, visiting 26 counties to talk with Tennesseans about Washington's unsustainable spending habits that are driving the country into dangerous levels of debt. Corker is working on legislation to cap spending at a sustainable level, force Congress to make tough choices and incentivize economic growth.

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News & Politics

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• Bob
• Corker
• Tennessee
• Senate
• Debt
• Spending

[nottinmatterz2day]

HEY HEY, here's an idea. BACK TO THE CONSTITUTION!

[jitsuman75]

@Phalinex I think you have a point but what I think that you don't realize is that it is a cycle. The demand comes from peoples desires and needs whether rich, poor, or middle class. There are unproductive rich, poor and middle class people. We need rich people to start companies and produce products, just like we need middle class to buy the products. Rich people spend all the time, look at new businesses, thats money being spent for the middle class. its all a cycle. Rich people aren't bad ppl

[Phalinex]

@jitsuman75 - Plenty of poor people have gotten rich because they were give a chance. Plenty of rich people were born rich and remain rich although they have been completely unproductive. The more of Americas wealth is tied up with fewer people the poorer America will become. The poor and middle class spend their money on houses cars and rent. That creates demand for products and services and that creates jobs. Rich people sit on large amounts of wealth and that does little to grow the economy

[ThasayIT]

Hey, which one of the programs that you depend on would you cut? What tough decision are you willing to make??

I propose a 1/3 cut across the board of all Federal Programs, Pay, Pensions, and Expenses, along with a balanced buget amendment to the Constitution that cannot be vetoed nor ignored by any branch of the Federal Goverment.

[nubbie1944]

Bob Corker should put up or shut up, he has suggested nothing on what to cut. If he would at least start making suggestions on cutting programs to get the debt in control, I'd respect him more. It's time to make tough decisions.

[jitsuman75]

@Phalinex Who owns America's companies? How did they get rich? Rich people get rich because they build companies and create jobs. the poor don't build companies that create jobs. the poor have to be cared for by others because they can't care for themselves. There're always be poor, regardless if taxes are raised or lowered. It isn't democrats or republicans, its all americans, that shares in this responsibility. To say it was one party or another is to say that another has never made a mistake

[alphadog7]

@mtfalls Workers surely are not evil. The unions ripping them off and bankrupting their employers are.

Congressional pay is a drop in the ocean. How about congressional reform? Remove earmarks and pork? Then watch the special interests and union go away. Start there!!

[mtfalls]

What is 2035 GDP, whose estimate? Start "CUTS" at congressional/staff pay, benefits-retirement first. Now "worker unions evil" but you say nothing about Titans millionaires/pro sports unions, only workers are evil?

Tell EXACLTY what/who take hits on "Cuts"? Why taxes upper 3% low as 15%? What will happen to those with no HC, Retirements, and education cuts etc. What is you plan for nation if NO Health Care coverage? What is you tax plan to "fix economy", what is you plan for REAL air trade?

[lifeisgood096]

@RichardE8ST

Are you too young to remember 9/11? Obviously you are a child.

The democrats have been in control for 4 years. I know you are old enough to remember that.

Mr. President has not done anything right yet, but I am going to give him two years of on the job training before I start yelling. Bad timing for a rookie but that is your fault, not mine.

[RichardE8ST]

@lifeisgood 096 The economic downturn was not caused by 911. It was caused by republican irresponsible mismanagement and incompetence. The republicans cut taxes mostly for the rich and then went on a the biggest borrowing spree in history. They gave extra tax cuts to big oil and companies that used overseas labor. Every move the republicans made was a bad move. Tell me one thing they accomplished, it was a total disaster. Then tell me one mistake that president Obama has made hes been brilliant