John Spratt
John Spratt
John McKee Spratt, Jr.is an American politician who was the U.S. Representative for South Carolina's 5th congressional district from 1983 to 2011. He is a member of the Democratic Party. Spratt was the dean of the South Carolina congressional delegation, chairman of the U.S. House Committee on the Budget, and the second ranking Democrat on the U.S. House Committee on Armed Services, where he served on three subcommittees: Oversight and Investigations, Strategic Forces, and Air and Land Forces. In addition...
NationalityAmerican
ProfessionPolitician
Date of Birth1 November 1942
CountryUnited States of America
It is bad news for taxpayers, who might have to cover part of the unfunded pension costs for Northwest and Delta employees,
We can set aside a surplus to save Social Security or Medicare, or we can pass the burden of the baby boomers retirement off on to our children,
What we've got now is a situation where none of this is easily possible,
We are pushing the envelope. We are using our troops pretty much to their maximum utility.
What we've done is design a package that is front-loaded and fast-acting deliberately.
The deficit in 2006 is almost certain to increase, because the bulk of spending for Katrina and Rita will occur in 2006, ... What's worse is that when the Congressional Budget Office factors the Bush agenda into the budget, CBO sees the deficit doubling to $640 billion in 2015.
The president blames the disappearance of the surplus on excessive spending, but all of the extra spending since he came to office is spending that he either initiated or approved,
What we are effectively doing, I say this to the young people of America whom my colleagues represent, is leaving our children and grandchildren the tab for fighting a war, letting them pay for the lion's share of it by simply adding it to the national debt.
This war so far has cost us $125 billion and counting, because largely we decided to do it on our own, with only the United Kingdom as a paying, fully participating partner.
Even after the economy is back on its feet and grows -- upon their assumption of the rate of 3.2 percent a year -- even then, we still have a negative bottom line after you back out Social Security and Medicare, as we think he should,
could easily add $50 to $100 billion more.
Without the Guard and Reserve, our active duty troops could hardly deploy.
With no other security forces on hand, U.S. military was left to confront, almost alone, an Iraqi insurgency and a crime rate that grew worse throughout the year, waged in part by soldiers of the disbanded army and in part by criminals who were released from prison.
We're ready to work with the Bush administration, ... But we're also ready to work against any budget that returns us to never-ending deficits and a mountain of debt.