{"id":12836,"date":"2010-07-12T23:26:10","date_gmt":"2010-07-13T03:26:10","guid":{"rendered":"https:\/\/www.aroundfortwayne.com\/news\/?p=12836"},"modified":"2010-07-12T23:26:10","modified_gmt":"2010-07-13T03:26:10","slug":"bipartisan-commission-declares-u-s-debt-a-cancer","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2010\/07\/12\/bipartisan-commission-declares-u-s-debt-a-cancer\/","title":{"rendered":"Bipartisan commission declares U.S. debt a cancer"},"content":{"rendered":"<p style=\"text-align: center\"><img decoding=\"async\" src=\"https:\/\/www.aroundfortwayne.com\/news\/wp-content\/uploads\/icons\/Hayhurst_logo.jpg\" alt=\"Tom Hayhurst for Congress logo.\" \/><\/p>\n<p>Press release from the Tom Hayhurst for Congress campaign:<\/p>\n<blockquote><p><strong>Bipartisan commission declares U.S. debt a cancer<\/strong><\/p>\n<p><!--more--><\/p>\n<p>A presidential bipartisan national debt commission laid out a bleak picture Sunday as the U.S. struggles to get its debt under control.  The commission described a troubled future and if the culture of spending doesn&#8217;t change, the U.S. will be spending $2 trillion a year by 2020 just for interest on national debt.<\/p>\n<p>&#8220;Next year, our nation&#8217;s federal debt is expected to exceed $14 trillion-about $47,000 for every U.S. resident. This is unacceptable.  It is time we seriously discuss a federal balanced budget amendment.  I see too many self-centered career politicians that care more about spending our children&#8217;s future away in Washington than about the hard working folks here in Indiana,&#8221; said Hayhurst.<\/p>\n<p>The bipartisan report suggested that the majority of the United States&#8217; discretionary spending is consumed by Medicare, Medicaid and Social Security. It further suggested that rest of our discretionary budget is being financed by China and other countries.  China alone holds $920 billion in U.S. IOUs.<\/p>\n<p>&#8220;These are tough times, and the difficult issues we face test us all,&#8221; said Hayhurst. &#8220;Every ounce of our energy must be focused on turning the economy around, creating good jobs, and of equal importance, getting a handle on federal spending. I&#8217;m ready to work across party lines and to be an Independent, bipartisan voice focused on tackling these issues and more. That&#8217;s why I am running for Congress,&#8221; said Hayhurst.<\/p><\/blockquote>\n<h3>Related Images:<\/h3>","protected":false},"excerpt":{"rendered":"<p>Press release from the Tom Hayhurst for Congress campaign: Bipartisan commission declares U.S. debt a cancer Related Images:<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1615],"tags":[2181,446],"class_list":["post-12836","post","type-post","status-publish","format-standard","hentry","category-2010-election-cycle","tag-2010-us-congressional-district-3-race","tag-tom-hayhurst"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bipartisan commission declares U.S. debt a cancer - AroundFortWayne<\/title>\n<meta name=\"description\" content=\"Press release from the Tom Hayhurst for Congress campaign: Bipartisan commission declares U.S. debt a cancer A presidential bipartisan national debt\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aroundfortwayne.com\/news\/2010\/07\/12\/bipartisan-commission-declares-u-s-debt-a-cancer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bipartisan commission declares U.S. debt a cancer - 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