In addition, the oil royalties the Federal Government does not collect from big oil will starve the Land and Water Conservation Fund of critical financial resources.
From Ron Kind
In a time of serious budget deficits, immense war costs and a sluggish economy, we cannot afford to grant such outlandish subsidies to some of our Nation's largest corporations.
For as long as the power of America's diversity is diminished by acts of discrimination and violence against people just because they are black, Hispanic, Asian, Jewish, Muslim or gay, we still must overcome.
As the President reviewed the state of the union and unveiled his second-term agenda, he fell short of adequately explaining how he intends to set America back on the course of fiscal responsibility and secure the fiscal health of the nation.
In the coming year, I believe we can make sure America lives up to its legacy as a land of opportunity if the President is willing to back up his rhetoric with substance.
Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation.
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