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Cooper: National Debt A Cancer Metastasizing Quickly

By Kleinheider Posted on November 10, 2009 at 2:46 pm

Nashville’s congressman in Senate testimony:

I believe that the greatest threat to our nation’s economic security is our long-term fiscal imbalance. At the end of the 2008 fiscal year, the Treasury Department’s “Financial Report of the United States Government” reported the present value of our unfunded liabilities at $56 trillion, or almost four times the GDP of America.

2009’s Financial Report will be released in about a month, and it’s likely to report unfunded liabilities over $60 trillion, having tripled in just a decade. That means for every day we delay reform, we sink $11 billion deeper.

In my opinion, we have fiscal cancer, and it is metastasizing so quickly that, all too soon, no surgery, chemotherapy, or radiation will be enough to save us. Albert Einstein is supposed to have said that the most powerful force on earth is not nuclear power, but compound interest.

(HT: BT)

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Comments

21 Responses to “Cooper: National Debt A Cancer Metastasizing Quickly”

  1. Tim Douglas writes
    November 10th, 2009 4:03 pm

    Well then how in the world could he have voted for the health care bill on Saturday?

  2. The Second Chance Sheepdog writes
    November 10th, 2009 4:08 pm

    Good point Tim. Don’t forget he also voted for the $787 Billion Pork-ulus Bill, too. Fire Cooper in 2010 !!

  3. TNVolunteer73 writes
    November 10th, 2009 5:08 pm

    Wow Cooper is worried about the National Debt.

    But votes for a bill that adds 1.2 Trillion or more to the bottom line spending.

    This is why the man has lost my support.

    Our Nation is becomming a banana republic due to democrat spending.

    The Democrat Congess since January 2007 has increased the National Debt by 25%.. After FY 2010 with this added spending it will be increased by 70%

  4. Pitboss56 writes
    November 10th, 2009 7:32 pm

    This is why we need to take back our government. Join “Get Out Of Our House”, http://goooh.com/Home.aspx today.

  5. Blue writes
    November 10th, 2009 9:44 pm

    The reason the debt is increasing is because of Bush. Do you have any idea what he has spent on two wars, and the tax cut for the wealthy? President Obama had to stop Bush’s bleeding. If had not done what he had to do, we would be in the toilet so far down we could have never gotten up.

  6. Davy writes
    November 11th, 2009 6:32 am

    Bad move for a politician to exploit a deadly disease to make a political point.

    He owes cancer victims an apology.

    Just another cheap, conservative Dem trying to navigate through the political storm to ensure his own survival.

    A bad, stupid decision to use this analogy.

  7. Frodough writes
    November 11th, 2009 6:59 am

    Blue, are you for real? What Bush spent on war is chump change compared to what Obama wants to do. And, tax cuts for people who actually make money? I suppose you are one of those who thinks tax cuts should be for people who don’t pay any in the first place. Real tax cuts create jobs for you. You need to get off of this Bush-bash and go learn some history and economics.

  8. SouthernIndie writes
    November 11th, 2009 7:47 am

    Thanks Congressman, you are exactly right! Revenue
    currently being taken in by the Federal Gov.
    is only sufficient to cover cost of: Current
    debt payments, defense budget, social security,
    current medical cost, VA payments and a very
    few other items. All others in on the charge
    card.

  9. Sandman writes
    November 11th, 2009 7:57 am

    TERM LIMITS!!! It’s good enough for the office of President, it should good enough for all others in the Congress!

    Mr. Cooper no longer represents me on any issue. I’ve had it with him and all the other “pretenders” in DC. Kick them all out!

  10. Sidney writes
    November 11th, 2009 8:25 am

    Tim Douglas writes
    November 10th, 2009 4:03 pm
    Well then how in the world could he have voted for the health care bill on Saturday?

    Because Tim, yesterday Cooper said it was a first draft and being there in DC is like being in “school” and he’s still in first grade.

    Blue is green around the ears when saying “The reason the debt is increasing is because of Bush”.

    Yeah and the doctor unloaded his guns at Ft. Hood because of Bush; and I have a new wart on my nose because of Bush; and my knee hurts because of Bush; and O’bama can’t make up his mind on HIS WAR because of Bush, and Michelle O’bama does not have flabby arms because of Bush, and Karl Dean is spending money like a drunk sailor because of Bush; and Antioch has high crime because of Bush. Blue, do you even listen to your own thoughts? Bush is gone! Every President leaves behind some good and some bad. Bush outlawed abortion. O’bama brought that right back for spite within 2 days of taking the oath of office.

    Get off the Bush train and wake up. O’bama is spending us into a spiral just like Bush. Own up to it Blue. Admit it and you’ll feel better.

  11. Sidney writes
    November 11th, 2009 8:28 am

    Frodough writes
    November 11th, 2009 6:59 am
    Blue, are you for real? What Bush spent on war is chump change compared to what Obama wants to do. And, tax cuts for people who actually make money? I suppose you are one of those who thinks tax cuts should be for people who don’t pay any in the first place. Real tax cuts create jobs for you. You need to get off of this Bush-bash and go learn some history and economics.

    I second that emotion, Frodough. Blue, get off the Bush-train and look at what the healh care bill will cost - much more than war!

  12. Davy writes
    November 11th, 2009 8:44 am

    “Blue, get off the Bush-train and look at what the healh care bill will cost - much more than war!”

    And, OMG!, it will help people rather than maim and kill people!

    What will the chicken-hawks do on their talking-head shows? LMAO

  13. MetalMan writes
    November 11th, 2009 8:55 am

    When did Milquetoast Cooper start worring about the National Debt? He’s voted for every King Barry give away program that’s come down the pike, including last Saturday’s $trillion dollar + health care debacle. We need to help this goof bag find another line of work.

  14. JR writes
    November 11th, 2009 8:59 am

    Bush outlawed abortion? Somehow I missed that.

  15. idgaf writes
    November 11th, 2009 9:28 am

    This clown for real? He voted for every spending program his messiah and mistress wanted.

  16. TNVoluneer73 writes
    November 11th, 2009 9:41 am

    If you think this bill is going to cover the unisured I have some ocean front property in brentwood to sell you.

    This bill will leave 42,000,000 people uninsured at a cost of 1.2 Trillion dollars.

    You see the Bill that passed the house will only cover ~5 million of the uninsured, Democrats are saying we have 47 million unisured.

    47-5=42.

    I know higher math skills are no present in the Liberal brain, that is why you need conservitives to do this work for you.

  17. idgaf writes
    November 11th, 2009 12:13 pm

    Only fools think that they can insure 30-40 million people for less money . (unless you are going to ration care and kill off the old people of cource. Think how much abortions and sex changes will cost us (yes they will get in there too))

  18. mstrbat writes
    November 11th, 2009 12:39 pm

    Cooper is an idiot, and so are the voters of District 5 who keep electing him. I hope he will have a strong opponent in 2010, or I may have to write in myself (g).

    Blue surely represents the group of the uninformed and ignorant that continue to elect Cooper. Twisted logic is not academic, Blue. Go to a real school and get an education.

  19. gofer writes
    November 11th, 2009 3:43 pm

    Congress spends money…all spending comes out of Congress. Presidents can only make requests. It was Obama who cheerleaded the TARP bill and voted for it, Bush also supported it, but CONGRESS passed it.

    Cooper doesn’t have the fortitude to stand up to Pelosi. He’s lost what fiscal conservatism he once had. Time to go Mr. Cooper and stop passing the buck and making excuses for your votes. Just say “Pelosi made me do it.”

  20. time for truth writes
    November 12th, 2009 8:43 am

    It is an established fact that Bush took office with a surplus and left with two unresolved wars, a trillion dollar deficit, and a mini-depression brought on by lax and incompetent regulators and greedy investors knowing they could do whatever they wanted to without consequences. The stimulus package was a fact of life before Obama took office. But for the teabaggers who get all your facts from Rush Limbaugh and Glenn Beck, just go ahead and show your ignorance by ignoring the truth.

    The health care vote can be explained easily. There are two Tennessee Congressmen who voted for the health care bill and two safe districts for Democrats in Tennessee where the majority of voters support health care reform. This is called representative government.

  21. Mary Ann Denney writes
    November 12th, 2009 9:47 am

    Jim Cooper has forgotten and betrayed the people who elected him. I have never been active in politics but we need to clean house in Washington. His reasons for voting yes on the health care bill have to be those of a 4th grader. I quote “I voted yes to advance the cause of health care reform by forcing the Senate to act.” I would be happy to support any health care bill that all people who are on the government payroll are included and that only covers American citizens.

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