Senator Webb “Don’t Destroy the American Economy in Order to Save It”

note: Senator Webb’s most important statement ….

Our nation, as we all know, faces a looming crisis.

The markets have already warned us.  Businesses are already postponing investments.  We know the consequences of inaction; they are predictable:  Borrowing costs for businesses and individuals will escalate. Interest payments on the debt will grow, and already anemic job growth will decline.  Our nation will run the risk of another financial catastrophe and possibly a return to recession.  As Chairman Bernanke recently stated, the outcome would be “calamitous.”

Many Americans are struggling.  Far too many remain out of work.  They cannot be asked to absorb the shockwaves of yet another failure to act.  It is time for both sides and both chambers to find common ground.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: