Dedication with which it carries out its responsibility to congress under the budget act but the contents of this report are concerning. After eight years of failed fiscal policies and wasteful and unactable spending america is faced with a mammoth debt of 20 trillion and a sluggish economy thats holding it back. This year alone overspending is projected to be 559 billion and will continue to grow over the next ten years to 1,408 million, 1. 4 trillion in 2027. Its a 9,426 billion budget hole over the ten years. Gross National Debt will hit 30 trillion in ten years outpacing our projected Economic Growth. As Congress Considers our countrys budget over the next decade we must look beyond the annual appropriations process. Almost 70 of federal spending is already on auto pilot and that portion is growing rapidly. Cbo reports states that 70 of the total increase over the next ten years is from Social Security, medicare and net interest on americas debt. Social security taxes will stop pay
Dedication with which it carries out its responsibility to congress under the budget act but the contents of this report are concerning. After eight years of failed fiscal policies and wasteful and unactable spending america is faced with a mammoth debt of 20 trillion and a sluggish economy thats holding it back. This year alone overspending is projected to be 559 billion and will continue to grow over the next ten years to 1,408 million, 1. 4 trillion in 2027. Its a 9,426 billion budget hole over the ten years. Gross National Debt will hit 30 trillion in ten years outpacing our projected Economic Growth. As Congress Considers our countrys budget over the next decade we must look beyond the annual appropriations process. Almost 70 of federal spending is already on auto pilot and that portion is growing rapidly. Cbo reports states that 70 of the total increase over the next ten years is from Social Security, medicare and net interest on americas debt. Social security taxes will stop pay
[applause] thank you. Thank you. Thank you very much. Thank you. Thank you. Thank you very much. Thank you. Thank you, everybody. Lieutenant governor stack, speaker turzai, president scarnati. Leader corman, leader costa, leader reed, leader dermody, members of the general assembly. Invited guests, friends, family, mom. [laughter] [applause] and most important, my fellow pennsylvanians. I have always believed in the potential of the great commonwealth. Pennsylvania is where i grew up. Its where frances and i raise two wonderful daughters. Its where i signed the backs of paychecks when i say Forklift Operator and why later side the fronts of paychecks after i bought the family business. Pennsylvania should be a place where anyone who wants a good job can find one. A place where businesses, large and small, can grow and thrive. Its the place where every family can pass on greater opportunities to the next generation. When i first ran for governor i met so many pennsylvanians who believe
I am the only person who is ever balanced the government budget. You cannot just get there by balancing the budget, you have to grow the economy by putting people first. Real people like you. I did not want my child to grow as the first generation of americans to do worse than their parents. We can do better than that. I ask for your help in doing that. Ladies and gentlemen, this concludes the debate. I would like to thank our audience of 209 uncommitted voters who may leave this evening committed. Hopefully they will go to the polls on november 3 and vote. We would like you to join us for the third and final residential debate next monday. I am carol simpson, good night. [applause] watch live on cspan. Listen to live coverage of the debate on your phone with the free cspan radio at available on the app store or google play. This debate in 2000 between Vice President al gore and Texas Governor george w. Bush was in format. Hall the moderate the moderator was jim lehrer. This is one hou
I am the only person who is ever balanced the government budget. You cannot just get there by balancing the budget, you have to grow the economy by putting people first. Real people like you. I did not want my child to grow as the first generation of americans to do worse than their parents. We can do better than that. I ask for your help in doing that. Ladies and gentlemen, this concludes the debate. I would like to thank our audience of 209 uncommitted voters who may leave this evening committed. Hopefully they will go to the polls on november 3 and vote. We would like you to join us for the third and final residential debate next monday. I am carol simpson, good night. [applause] watch live on cspan. Listen to live coverage of the debate on your phone with the free cspan radio at available on the app store or google play. This debate in 2000 between Vice President al gore and Texas Governor george w. Bush was in format. Hall the moderate the moderator was jim lehrer. This is one hou