Embraces Stay the Course Policies that Have Created $8.5 Trillion National Debt
U.S. Senator Tom Coburn, M.D. (R-OK) released the following statement today after the Senate defeated by a vote of 54 to 43 a sense of the Senate resolution declaring that Congress has a moral obligation to offset the costs of new government programs and initiatives. The Senate defeated a similar Coburn amendment last week by a vote of 59 to 38.
"Our unsustainable fiscal course, which was described in dire terms in this week's Medicare and Social Security Trustees Report, is not only a financial challenge but a moral challenge. Every child born in America today is faced with a debt of $453,000 in unfunded liabilities from the federal government because politicians in Washington lack the courage and discipline to make choices. Congress' stay the course attitude on spending will bury the next generation in debt, lower their standard of living, undermine our ability to compete in a global economy and leave our nation less capable of facing foreign threats," Dr. Coburn said.
"The Senate could have taken an easy step of simply signaling its intent, through a non-binding resolution, that politicians should live by the same rules as everyone else in America. Every day, American families have to make tough choices between competing budget priorities. Unfortunately, Congress has once again told the American people that it is out of touch and doesn't have to live within its means. I hope the American people will hold Congress accountable for its dereliction of duty," Dr. Coburn said.
The Coburn amendment was listed as a key vote by the Council for Citizens Against Government Waste.