as a nation, we are moving closer and closer to the edge of the financial cliff. A few steps forward and we will start the free fall into a canyon of debt which is bad for our country. The baby boomers start retiring at the end of this year, and that will bring unprecedented levels of entitlement and other program spending. If left unchanged, in just a few decades there will be little money left for transportation, education, health care, medical research, cancer research, veterans, the environment, and all the other important programs. We cannot continue to keep borrowing and mortgaging our future to countries like China that carry our debt. Young people should be clamoring for Congress to act; they have the most to lose from our inaction. It is their future that is being mortgaged, and every day we don't act we increase the debt burden they must repay in the future. I have a bill which offers an opportunity to change the current course. Senator Voinovich and I first introduced the SAFE Commission last summer, and we reintroduced it in January. Our country is in trouble, and we cannot afford to wait much longer. The bipartisan SAFE Commission will put everything on the table, entitlements and other Federal spending and tax policies, as it comes up with recommendations. It will hold town hall meetings across the country to explain the financial crisis we face and discuss the issue with the American people.
Editor's note · Context
Addressing the financial challenges facing the nation and the need for action on entitlement spending.
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