U.S. Rep. Jim Jordan, R-Urbana, explains a point regarding the nationâ€™s economy and ways to get the economy back on track to a full recovery.
Americans and their elected leaders face a pivotal moment in U.S. history in regard to the national debt, deficit and budget, a member of Congress says, and he trusts Americans to make the right decisions.
â€śWe are at one of those critical junctures in American history and it is your influence that is truly making a difference,â€ť U.S. Rep. Jim Jordan, R-Urbana, told a standing room only crowd of Auglaize County Patriots and Allen County Patriots at The Grand Plaza â€” Banquet Halls and Meeting Rooms, in Wapakoneta. â€śThis debt ceiling thing we just went through, I personally had some problems with it, but it resulted in some positives and the biggest positive is we are now going to have a national debate on why we need to have a balanced budget amendment added to the Constitution.
â€śThis would not have happened unless folks like you and people all over the country had not decided that you wanted to become engaged in a directive and in a strong way in the political process,â€ť he said.
The former Ohio state representative and state senator noted passage of a balanced budget amendment could take years since it needs to pass both the House and Senate by a two-thirds vote and three-fourths of the state legislatures.
Jordan, who is chair of the Republican Study Committee, also explained the budget could not be balanced in one year, but it could be balanced in 10 years. He favors this method of balancing the budget, but he also would support U.S. Rep. Paul Ryanâ€™s, R-Wis., proposal to balance the budget in 26 years.
â€śIt will take time to reduce the deficit and it has to be phased in because it would cause economic shock to the markets if we did it in one year,â€ť Jordan told the crowd.
The first step for a full recovery is to have the right economic philosophy in Congress and the White House â€” realizing job growth is created by the American people and American businesses and not by the government.
â€śPoliticians do not create jobs, but what we can do is create the right framework so that you in the private sector â€” entrepreneurs and small business owners â€” can, in fact, create jobs and economic growth,â€ť Jordan said. â€śYou cannot make that happen and remain the military and diplomatic leader if you do not have the right policies in place.
â€śI would argue right now we are doing everything wrong â€” we have the wrong fiscal policies in place, we have the wrong tax policy in place, we have the wrong regulatory policies in place and certainly we have the wrong energy policy in place,â€ť he said. â€śUntil we get all this straightened out, it will be tough to turn this economy around.â€ť
While he admitted it is cliche, Jordan remarked the 2012 election is a critical election for the American people â€” whether they want more of the same or do they want to return to the liberties and freedoms enjoyed by earlier Americans.
â€śWe are at a point in history where every single American who cares about this great nation has to be willing to fight the fight and, of course, to keep the faith,â€ť Jordan said. â€śAmericans have demonstrated time and time again, generation after generation that they are willing to fight the fight, do the hard work to stay the course to make good things happen, to overcome any obstacle, any hurdle in their path. This is just in the nature of being an American.
â€śThis is why you are all engaged in this struggle, this is why you are involved in the Patriot group and why you are involved in wanting to save this country,â€ť he said. â€śWe are going to get it done. I am always confident in the American people â€” they will get it right.â€ť