We have a budget that is now approaching over the next 10 years, we were just told by CBO today with their new baseline, $1.4 trillion a year deficits in 10 years.
Ron Johnson
The Public Record
Ron Harold Johnson is an American businessman and politician currently serving as the junior United States senator from Wisconsin, a position he has held since January 3, 2011. A member of the Republican Party, Johnson has focused on issues such as fiscal responsibility, healthcare reform, and government accountability during his tenure in the Senate. He has been an outspoken advocate for reducing the federal deficit and has often emphasized the need for economic growth through private sector initiatives.
With regard to regulations, there is legislation called the 'Regulatory Accountability Act.' Senator Johnson is very interested in this bill.
I think that warps the marketplace and puts our purely domestic producers at risk.
I think regulatory reform, having a competitive tax system, using energy resources is just crucial.
This clearly has to be brought under control if we are ever going to restrain the growth in debt.
If we do not want to pay over the next 30 years $55 trillion to our creditors, we have to address the unsustainable situation.
It requires accountability, one agency in charge. It requires more transparency, a dashboard where anybody can go online and find out where a project is.
Over the next 30 years, according to the Social Security trustees, Social Security will pay out about $14 trillion more in benefits than it brings in in payroll tax.
Clearly, that is unsustainable. It is something that the Federal Government have to grapple with.
I am often asked: What is the greatest threat facing this country right now? And it is not climate change.
Over the next 30 years, the deficit, according to CBO, will accumulate $103 trillion.
Clearly, focusing on economic growth is the number one component to the solution.
If we do not want to pay creditors over the next 30 years, $50 trillion interest on the debt, we have to address Social Security and Medicare.
Despite my frustrations about the anti--business climate here in Washington, D.C., I am extremely confident in America's entrepreneurs who are innovative and tenacious.
I think we can certainly get north of 3 percent growth if we do all the elements of the President's program.
To me, our number one priority has to be to grow our economy, to make sure that we realize the full potential of this marvel we call the American economy.
I think had we honestly upheld our oath of office, that vote on my amendment deeming that a treaty should have been 100 to 0.
I have never understood why any administration, we have done this in a bipartisan fashion, would force a friend, an ally, to sit down and negotiate with those that refuse to acknowledge their right to exist.





