Daily Progress, Jacksonville, TX

Local News

March 23, 2011

Hensarling talks to East Texans about national deficit

RUSK — Congressman Jeb Hensarling (Texas District 5) visited Rusk Wednesday to discuss the national deficit, one year to date after President Barack Obama’s Health Care bill was passed into law.

“Obamacare will increase spending by nearly $2.6 trillion and help cause our debt to triple during this decade,” Hensarling said.

Repealing the Health Care law would reduce the national deficit by $700 billion, Hensarling said.

The national deficit is more than $14 trillion. The government is spending 42 cents on every dollar it spends, Hensarling said.

National security is threatened by the deficit, he said.

“In the 20th century, the red menace was communism. The red menace for the 21st century is our public debt,” Hensarling said.

Forty-seven percent of the nation’s debt is owed to foreign countries. China is the nation’s biggest lender, owning 29.2 percent of the nation’s debt.

“The interest we pay to China on our debt, they can essentially afford to buy a (Joint) Strike Fighter every other day,” Hensarling. “Our greatest competitor in the world we are building their armed forces with the interest we pay them on the national debt.”

Hensarling cited republican and democratic leaders as being concerned about the national deficit.

“Don’t take me word for it. Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, (said) ‘I think the biggest threat we have to our national security is our debt.’ He didn’t say al-Qaida; He didn’t say radical Islamic fundamentalists; He didn’t say Russia; He didn’t say China,” Hensarling said. “Democrat, Erskine Bowles, who headed up the presidents fiscal responsibility commission, said ‘(This) debt is like a cancer. It’s truly going to destroy the country from within.’”

With the Health Care law and the federal budget, President Obama is making the problem worse, Hensarling said.

“Although (President Obama) did not put the nation on the road to bankruptcy, he’s pressing on the accelerator,” he said. “We have the president presenting a new budget that will, again, double the national debt in five years, triple it in ten, and add thirteen trillion dollars worth of red ink to the nation’s debt.”

The nation’s retirement and health security programs are driving up the debt, Hensarling said.

“Our spending, that’s growing so fast, is driven by Social Security, Medicare and Medicaid,” he said. “In addition to the economic downturn, Medicaid enrollment has increased precipitously.”

In 1950, each Social Security recipient was supported by 16.5 taxpayers, and in 2009 each Social Security recipient was supported by three taxpayers, Hensarling said.

“The programs that are a comfort to my parents are rapidly morphing into a cruel, ponzi scheme for my 7-year-old son and my 9-year-old daughter,” he said.

Text Only
Local News
  • UPDATE: County co-op says many customers may not have power until Friday

    July 24, 2014

  • Old Jville Bearden Store.tif Longtime furniture store changes hands

    For the better part of a century, Bearden Furniture Co., Inc., has been the go-to place for local residents wanting to beautify their home.
    Furniture and accessories, carpeting, window treatments – even electronics at one point – were offered at the Commerce Street store, but on July 1, the family who started Bearden's sold the company to Louisiana-based Ivan Smith Furniture company.

    July 24, 2014 1 Photo

  • Athens woman confesses to killing daughter

    A 25-year-old mother is in the Henderson County Jail after telling authorities that she had killed her four-year-old daughter, Monday
    morning.

    July 24, 2014

  • Bullard: District names Jan Hill as deputy superintendent

    Bullard Independent School District is proud to announce Jan Hill as Deputy Superinten-dent. Hill will assume the new role effective immediately.

    July 24, 2014

  • ‘Christmas in July’ drive benefits area foster children

    Sure, December is still more than five months away, but Cherokee County residents are getting the chance to start spreading some holiday cheer a little early this year during the annual Christmas in July donation drive, benefitting the county's Rainbow Room.

    July 24, 2014

  • 2014-2015 Jacksonville Leadership Institute opens enrollment

    What is Jacksonville Leadership Institute?
    Jacksonville Leadership Institute is a program through the Jacksonville, Texas Chamber of Commerce. A new class is formed each September.

    July 24, 2014

  • Jacksonville continues its mosquito spraying schedule

    The City of Jacksonville will continue implementing its summer mosquito spraying program next week by spraying areas 7 and 11.

    July 24, 2014

  • RuskProtestMain.tif Rusk protest highlights views concerning border issues

    Several Texans gathered Saturday in Rusk -- not only to protest the recent federally-sponsored flood of illegal immigrants into the U.S., but to demand state officials to do something about it.
    Nearly 20 concerned citizens gathered at the intersection of U.S. highways 69 and 84 Saturday afternoon, waving flags and hand-lettered signs asking for secure borders and better action on the matter.

    July 22, 2014 1 Photo

  • RISD board mulls $16M budget

    Local school board members are considering a $16,671,955 proposed general fund budget for Rusk ISD's upcoming fiscal year – which begins Sept. 1 – but are nowhere near close to adopting the budget, said Lesa Jones, assistant district superintendent for finance and operation.

    July 22, 2014

  • National Night Out to return to Jacksonville

    National Night Out ( NNO) festivities will be returning  to Jacksonville this year.
    Jacksonville Police Crime Prevention Officer Detective Tonya Harris said all Jacksonville residents are encouraged to participate this year by sponsoring or attending a National Night Out party on Oct. 7.

    July 22, 2014