Economy

Our nation’s fiscal health is absolutely unacceptable. Right now, we are borrowing almost 40 cents of every dollar the Federal government spends. As a share of the economy, federal spending is at the highest levels seen since World War II. According to Congressional Budget Office estimates, debt held by the public is set to grow as a share of the economy from 62% in 2010 to 100% by 2023, and continue growing after that. As the debt grows, it will grow into a tsunami of debt that will crash down onto our children and grandchildren, leaving them with less opportunity and freedom. We must cut spending and reign in the size and scope of the Federal government to create the economy where the economy can bounce back and generate the jobs Americans need. While the unemployment rate stands at 8.8% for all Americans, the unemployment rate for Hispanics is 11.3%. By keeping American’s taxes low and decreasing government regulations, Congress can create the environment for the private sector to thrive.