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ICYMI: Highlights from Conference Call with U.S. Rep. Joe Heck on Obama’s Historic Debt and Deficits

- May 15, 2012

U.S. Congressman Joe Heck (NV-3):

"There is no greater issue that we're facing in Washington that our debt and deficit. In fact, as you've all heard said many times before when then Chairman of the Joint Chiefs of Staff Admiral Mullen was sitting before the House Armed Services Committee and he was asked what is the single greatest threat to the security of the United States. The senior military advisor to the president didn't say a nuclear Iran and he didn't say a resurgent Russia. He didn't talk about a growing China. His answer was the national debt so when you have the senior military advisor to the president standing up and saying look the biggest threat that we face to our national security is our debt, we've got to sit up and take notice. Unfortunately, President Obama has no rationale to offer for his own reelection and no record of achievement to run on in the area of debt and deficit. All he has is a record of broken promises.

"No matter how hard he tries to make the election about something else and he has tried desperately especially with the most recent announcement on gay marriage. As Mitt Romney said, it is still the economy, and we are not stupid. The American people have certainly suffered enough over the last three years, and they deserve better. The president has been unable to come up with a budget that puts us on a sustainable course. And when you look at the fact that the Senate voted down the president's budget proposal by a vote of zero to ninety-nine. It shows an extreme lack of confidence in his ability to get our fiscal house in order. Instead, he's presided over record deficits and wasted taxpayer dollars while adding trillions to the national debt.

"When he first was elected, he pledged to cut the deficit in half stating that if he was unsuccessful this would be a one term proposition. Well, instead, we're on track to have the fourth greater than a trillion dollar deficit this year all under this president's administration. By the time he's finished, President Obama will have added as much to the national public debt as all of his predecessors combined. So it certainly doesn't look like he's got a path to try to get our fiscal house in order. The question then becomes, do we continue down this path of failing European states or do we pivot and choose a path of prosperity?

"Mitt Romney will get us on that path to prosperity. He'll make the federal government simpler, smaller and smarter by cutting spending, capping spending and moving us towards a balanced budget. I think the governor's record of accomplishments in multiple different venues makes him one of the most qualified president's for the presidency in modern history. Whether it's his experience in business, the fact that he turned around a failing Olympic games and brought it from scandal and mismanagement to one of the most successful Olympic games in the modern era. Or, as governor where he closed a three billion dollar deficit while rooting out waste and cutting taxes nineteen times. This country needs a turnaround specialist and Mitt Romney's career has been about taking things that are failing and turning them around and making them successful.

"When we look at Governor Romney's path to prosperity would include its things like making the tax code simpler, fairer, and flatter. It's about bringing down our corporate tax rates. We now have the highest corporate tax rate in the world. And if we want to bring businesses back to the United States, want to bring manufacturing back to the United States then we have to be competitive. So, Mitt would lower the corporate tax rate to 25%. He would put in place an across the board 20% reduction in marginal income tax rates; make the R & D [research and development] tax credit to foster innovation; and ending the repatriation tax which would bring billions of dollars of investment back to America. So, Mitt Romney clearly has a bold agenda for a better America.

"I think we can no longer afford President Obama's liberal, borrow and spend policies, which will continue to saddle our children with unimaginable debt. Debt is now at about $53,000 per man, woman, and child in the United States. Truly unsustainable. I think that when we look at how we're going to preserve and protect important retirement programs, not just for today's retirees and near retirees for future generations we've got to have somebody who's willing to address the problem today, not waiting until 2023 when the Medicare Trust Fund is going to be insolvent in 2024. It certainly limits your ability to make the structural changes to preserve and protect the program. That's why I believe that Mitt Romney is the best candidate for president..."

Click Here To Listen To The Full Audio: http://www.gop.com/audio/5.15.2012_Nevada.mp3

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