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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