Monday, December 17, 2012

Reply from Congressman Chuck Fleischmann

 
 
Dear  Samuel :
 
Thank you for contacting me about the upcoming fiscal cliff facing Americans. Your comments and concerns are greatly appreciated and it is an honor to serve you in Congress.
 
As you   know, a decision  must be made   on the future of the American economy   and time is running out.   Recently, t he Congressional Budget Office (CBO) reported   that consequences of a   fiscal cliff could drive the U.S. economy back into recession ,   increasing   the unemployment rate to 9.1% by December 2013.   According to their calculations,   both our   Gross Domestic Product (GDP and job markets could be impr oved by extending current tax rates.
 
  As your Congressman, I have been actively seeking the most credible method of fixing our finances .  The simple fact is that we have a spending problem and not a revenue problem.  In 2012, the budget deficit was $1.32 trillion, or a little over $4000 for every man, woman, and child in the United St ates.  This is a massive and unsustainable number.  W hatever revenue increas es President Obama intends will do little to change this dynamic.  That is why we must address the spending side.  Simply put, we need real, enforceable and permanent spending cuts before we even consider revenue.
 
Again, thank you for your concerns about this important decision. Please do not hesitate to contact me if I may be of any further assistance to you in the future.  
 
 

Sincerely,

Chuck Fleischmann
Member of Congress

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