• 70°
Hartselle Enquirer

Brooks: debt not sustainable

Fifth District U.S. Rep. Mo Brook, R-Huntsville, took 15 minutes to decry what he termed an “unsustainable” national debt and answered questions from the audience on the same subject at a town hall meeting in Priceville Monday night.

Using power point slides to support his case, Brooks said a borrow and spend policy in the federal government has resulted in a record $16-plus trillion national debt, or the equivalent of a debt burden of $55,000 on every man, woman and child in the nation.

“We are moving down a path of financial insolvency similar to what is happening in Greece and other European countries,” Brooks pointed out. “Greece has a 26 percent unemployment rate and the government can no longer borrow money. That’s where we are going to end up if we don’t change our course.”

“The interest on our national debt is estimated to reach $256 billion this fiscal year,” he said. “That’s five times more than what this nation spends on transportation and 13 times more than what it spends to operate NASA in a year.”

Brooks said the only answer to restoring financial responsibility is a balanced budget amendment.

“That’s not asking the federal government to do any more that what municipal, county and state governments are already doing,” he pointed out.

Brooks said the nation’s financial dilemma is not because of a lack of tax revenue.

“Americans are taxed enough,” he stated. “We needs to focus our attention on lowering corporate tax rates and relaxing controls as a means of stimulating economic growth and getting our people back to work.”

In answer to questions from an audience of about 50 people, Brooks said he favors foreign aid cuts, no additional taxes, flat or fair income tax and fewer government controls on business and industry.

FRONT PAGE FEATURED

Challenger Matthew Frost unseats longtime Morgan Commissioner Don Stisher

FRONT PAGE FEATURED

Cheers to 50 years  

FRONT PAGE FEATURED

Scott Stadthagen confirmed to University of West Alabama Board of Trustees 

Editor's picks

Hartselle graduate creates product for amputees 

FRONT PAGE FEATURED

Tigers roar in Athens soccer win

Danville

Local family raises Autism awareness through dirt racing  

FRONT PAGE FEATURED

Three Hartselle students named National Merit finalists  

FRONT PAGE FEATURED

Morgan chief deputy graduates from FBI National Academy

FRONT PAGE FEATURED

Hartselle students collect food for good cause 

Falkville

Falkville to hold town-wide yard sale next month

At a Glance

Danville man dies after vehicle leaves Hudson Memorial Bridge 

Editor's picks

Clif Knight, former Hartselle mayor, Enquirer writer, dies at 88

FRONT PAGE FEATURED

Hartselle Utilities reminds community April is safe digging month 

FRONT PAGE FEATURED

Teen powerhouse invited to compete in international strongman event

FRONT PAGE FEATURED

Azaleas: An Alabama beauty 

Decatur

Master Gardeners plant sale returns in April

FRONT PAGE FEATURED

Morgan leaders honored at annual banquet

FRONT PAGE FEATURED

Local students selected for 2024 Blackburn Institute Class

FRONT PAGE FEATURED

Hartselle sophomore represents Civil Air Patrol in D.C.  

Editor's picks

Hartselle council hires architect for new fire station, library and event center

At a Glance

PowerGrid Services in Hartselle evacuated for bomb threat

Morgan County

20 under 40: Trey Chowning

Falkville

20 under 40: TJ Holmes

FRONT PAGE FEATURED

20 under 40: Spencer Bell

x