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February 14th, 2013
 

Harkin: “I want to disagree with those who say we have a spending problem”

Today, Sen. Tom Harkin (D-IA) Said “No,” The Nation Does Not Have A Spending Problem. SEN. TOM HARKIN (D-IA): “Thank you, Madam Chair. I think, first of all, I want to disagree with those who say we have a spending problem. Everyone keeps saying we have a spending problem. And when they talk about that, it’s like there’s an assumption that somehow we as a nation are broke. We can’t afford these things any longer. We’re too broke to invest in education and housing and things like that. Well look at it this way, we’re the richest nation in the history of the world. We are now the richest nation in the world. We have the highest per capita income of any major nation. That kind of begs the question, doesn’t it? If we’re so rich, why are we so broke? Is it a spending problem? No.” (Committee On Appropriations, U.S. Senate, Hearing, 2/14/13)

The numbers tell a different story on spending and debt:

$46.2 Trillion: Total Federal Spending Proposed By Obama’s FY2013 Budget Through 2022. (OMB, 7/27/12)

$25. 4 Trillion: Projected Federal Debt In 2022 Due To Obama’s Binge Spending. (OMB, 7/27/12)

$16.5 Trillion:  Current National Debt ($ 16,480,910,656,603.96 ). (U.S. Treasury Department, Accessed 2/7/13)

$9.2 Trillion:  Amount Obama’s FY2013 Budget Would Add To The Debt Through FY2022. (OMB, 7/27/12)

$7 Trillion: Cumulative Deficits Over FY2013-2022. (CBO, 2/5/13)

$5.9 Trillion:  Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 2/7/13)

$5.3 Trillion: Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY2013-2022. (OMB, 7/27/12)

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About the Author

Craig Robinson
Craig Robinson is the founder and editor-in-chief of TheIowaRepublican.com, a political news and commentary site he launched in March of 2009. Robinson’s political analysis is respected across party lines, which has allowed him to build a good rapport with journalist across the country. Robinson has also been featured on Iowa Public Television’s Iowa Press, ABC’s This Week, and other local television and radio programs. Campaign’s & Elections Magazine recognized Robinson as one of the top influencers of the 2012 Iowa Caucuses. A 2013 Politico article sited Robinson and TheIowaRepublican.com as the “premier example” of Republican operatives across the country starting up their own political news sites. His website has been repeatedly praised as the best political blog in Iowa by the Washington Post, and in January of 2015, Politico included him on the list of local reporters that matter in the early presidential states. Robinson got his first taste of Iowa politics in 1999 while serving as Steve Forbes’ southeast Iowa field coordinator where he was responsible for organizing 27 Iowa counties. In 2007, Robinson served as the Political Director of the Republican Party of Iowa where he was responsible for organizing the 2007 Iowa Straw Poll and the 2008 First-in-the-Nation Iowa Caucuses. Following the caucuses, he created his own political news and commentary site, TheIowaRepublcian.com. Robinson is also the President of Global Intermediate, a national mail and political communications firm with offices in West Des Moines, Iowa, and Washington, D.C. Robinson utilizes his fundraising and communications background to service Global’s growing client roster with digital and print marketing. Robinson is a native of Goose Lake, Iowa, and a 1999 graduate of St. Ambrose University in Davenport, where he earned degrees in history and political science. Robinson lives in Ankeny, Iowa, with his wife, Amanda, and son, Luke. He is an active member of the Lutheran Church of Hope.




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