If the Congress does it that way, you are absolutely correct that this program will fall into an abyss and never pay for itself, and the Government will be on the hook for more than the 18 plus billion dollars it presently is.
Jim Bunning
The Public Record
Jim Bunning is a former United States Senator from Kentucky, serving from 1999 to 2011. A member of the Republican Party, Bunning was known for his strong conservative positions and advocacy for fiscal responsibility. Before his political career, he was a professional baseball player, notably a pitcher in Major League Baseball, where he was inducted into the Baseball Hall of Fame in 1987. Bunning's tenure in the Senate included a focus on issues such as energy policy and workers' compensation reform, often criticizing the Department of Energy's handling of compensation programs for workers.
One of my proudest accomplishments in the U.S. Senate was authorizing the 2004 law that reauthorized the National Flood Insurance Program.
I am frustrated, and I know my colleague, Senator Schumer, is frustrated. We are trying to act in the best interest of our workers and the United States of America.
Should we not be concerned about the impact this, paired with the large budget deficits that this administration has projected, will have on my 40 grandchildren and future generations?
The unemployment rate as of January 2009 was 7.7 percent. In August of this year, the unemployment rate was 9.6 percent.
Have we ever been successful in raising taxes to help our economy in a recession?
Is that not just kind of a transferring of what we cannot pay for and what our excesses are presently to my children and grandchildren? Is that not kind of a wealth transfer or a debt transfer?