JimBridenstine

Congressional Candidate LCDR Jim Bridenstine Issues Statement on Supreme Court Ruling

     The growth and intrusiveness of the federal government was further advanced by
this morning’s Supreme Court decision to uphold ObamaCare. This ruling
threatens our freedom and represents a massive new tax upon the American people.
ObamaCare will further inhibit economic recovery and jeopardize preservation of the
conservative values upon which our nation was founded. ObamaCare must be repealed in
its entirety. Here are some of the main problems with ObamaCare:

1. The federal government will have the authority to insert itself into the doctor patient
relationship.

2. The Government will have the power to allocate healthcare resources based upon
patient age and other considerations.

3. Under ObamaCare the federal government will fund abortions by directly
appropriating funds to state high risk pools, devaluing human life.

4. An army of 16,500 IRS agents will be hired to administer and enforce ObamaCare.

5. Depending on political favoritism, some companies will be given waivers from
ObamaCare requirements and others will not. Equal application of the law will
not occur within ObamaCare.

6. The Congressional Budget Office’s ObamaCare cost estimate projections stop at
ten years, but ObamaCare costs increase dramatically after that time.

7. Businesses are more hesitant to invest capital or hire, because of continuing
uncertainty about the costs of ObamaCare in terms of both direct expense and
regulatory burden.

8. ObamaCare will increase taxes and the cost of health insurance and healthcare for
everyone.

     There are more competitive and cost-effective solutions available to address
healthcare insurance for people who are not already covered, or choose not be covered.
These plans do not involve the heavy-handed, intrusive federal role President Obama and
Democrats in Congress have instituted through ObamaCare.

     By ruling as it did today, the Supreme Court has given the decision on ObamaCare
back to Congress and the people. Repeal now depends upon the voters reshaping the
executive and legislative branches of the federal government by electing a Republican
president, securing a filibuster-proof Republican/conservative majority in the Senate and
maintaining or growing the Republican majority in the House of Representatives which
has already voted to repeal ObamaCare.

     ObamaCare must be repealed, not amended. It cannot be fixed. As your
Congressman, I will make total repeal of ObamaCare a top priority.

###################

Jim Bridenstine’s Victory Over 5-term Incumbent John Sullivan Reaches National Outlets

Navy pilot upsets 5-term Oklahoma Congressman
http://www.sfgate.com/news/article/Navy-pilot-upsets-5-term-Oklahoma-congressman-3665490.php
San Francisco Chronicle
Republican candidates Kevin McDugle (left), Jim Bridenstine (center) and Ken Walker (left) gather during a watch party at LaFortune Park in Tulsa, Okla. on

Bridenstine claims victory over Sullivan in US House District 1
http://www.tulsaworld.com/news/article.aspx?subjectid=688&articleid=20120626_297_0_hrimgs786613
Tulsa World
Jim Bridenstine (left) smiles as he addresses supporters with Ken Walker (center) … Jim Bridenstine claimed victory late Tuesday in the U.S. House District 1 …

Oklahoma Elections: Bridenstine credits voters’ desire for new leadership for his upset victory over Sullivan
http://newsok.com/oklahoma-elections-bridenstine-credits-voters-desire-for-new-leadership-for-his-upset-victory-over-sullivan/article/3688010
NewsOK.com
WASHINGTON – Republican Jim Bridenstine discovered early Wednesday that raising money for a general election will be a lot easier than it was before his …

Bridenstine claims upset
http://www.tulsaworld.com/news/article.aspx?subjectid=688&articleid=20120627_16_A1_CUTLIN551830
Tulsa World
Republican candidate Jim Bridenstine (left) smiles as he addresses supporters … Jim Bridenstine upset five-term incumbent John Sullivan in Tuesday’s 1st …

Sullivan Joins List of Felled House Incumbents
http://blogs.wsj.com/washwire/2012/06/27/sullivan-joins-list-of-felled-house-incumbents/
Wall Street Journal (blog)
The casualty count among congressional incumbents mounted Tuesday, when Rep. John Sullivan (R., Okla.) lost his primary to Jim Bridenstine, a tea-party …

Tea party-backed challenger Bridenstine upsets US Rep. Sullivan in Oklahoma Republican primary
http://www.washingtonpost.com/politics/congress/tea-party-backed-challenger-bridenstine-upsets-us-rep-sullivan-in-oklahoma-republican-primary/2012/06/27/gJQA6Nhp5V_story.html
Washington Post
OKLAHOMA CITY – Navy pilot Jim Bridenstine has defeated five-term incumbent John Sullivan to capture the Republican nomination in Oklahoma’s 1st …

Oklahoma Elections: Rep. John Sullivan loses seat to political newcomer Jim Bridenstine
http://newsok.com/oklahoma-elections-rep.-john-sullivan-loses-seat-to-political-newcomer-jim-bridenstine/article/3687956#ixzz1z1YAX4Ru
NewsOK.com
John Sullivan became the first Oklahoma congressman ousted in 18 years Tuesday, as political newcomer Jim Bridenstine staged a Republican primary upset …

Five-term Oklahoma incumbent goes down in Republican primary
http://politicalticker.blogs.cnn.com/2012/06/27/five-term-oklahoma-incumbent-goes-down-in-republican-primary/
CNN (blog)
(CNN) – Jim Bridenstine won the Republican primary for Oklahoma’s 1st Congressional District on Tuesday, defeating five-term incumbent John Sullivan by …

Oklahoma Rep. John Sullivan loses primary
http://www.washingtonpost.com/blogs/the-fix/post/oklahoma-rep-john-sullivan-loses-primary/2012/06/27/gJQAWcmo5V_blog.html
Washington Post (blog)
Rep. John Sullivan (R-Okla.) became the latest incumbent to lose a primary on Tuesday, falling to tea party-backed Jim Bridenstine.

Bridenstine beats Sullivan
http://www.kjrh.com/dpp/news/local_news/bridenstine-says-people-want-change
kjrh.com
Lots of hard work, that what Jim Bridenstine says prompted a close race against incumbent John Sullivan.

US Rep. John Sullivan concedes in House District 1 Race
http://www.kjrh.com/dpp/news/local_news/newcomer-jim-bridenstine-leads-longtime-us-rep-john-sullivan-in-house-1-district-race
kjrh.com
Five-term incumbent Republican U.S. Rep. John Sullivan is fighting for his political life against a tea party-backed challenger in the race for the Tulsa-area …

An incumbent caught sleeping
http://www.politico.com/blogs/charlie-mahtesian/2012/06/an-incumbent-caught-sleeping-127387.html
Politico (blog)
John Sullivan faces tea party backed-challenger Jim Bridenstine. Bridenstine has run an energetic campaign against an incumbent who typically wins …

Close race between John Sullivan, Jim Bridenstine
http://www.fox23.com/news/local/story/Jim-Bridenstine-defeats-John-Sullivan-in-primary/g_bjYQ8uqkaFFXYhffeL4g.cspx
KOKI FOX 23
By 11pm Tuesday, results were still complete in the primary election between Republican incumbent congressman Jim Sullivan and Jim Bridenstine.

Rep. Sullivan’s vanquisher: Global warming needs ‘clearer evidence’
http://thehill.com/blogs/e2-wire/e2-wire/235035-rep-sullivans-vanquisher-global-warming-needs-clearer-evidence
The Hill (blog)
Jim Bridenstine, the Republican who beat sitting GOP Energy and Commerce Committee member John Sullivan (R-Okla. in Tuesday’s primary, will join the …

Tea Party favorite Bridenstine defeats incumbent Sullivan in Oklahoma Primary
http://www.foxnews.com/politics/2012/06/27/tea-party-favorite-bridenstine-defeats-incumbent-sullivan-in-oklahoma-house/
Fox News
June 20, 2012: Jim Bridenstine speaks during a news conference in Tulsa, Okla. … Sullivan faced tea party favorite Jim Bridenstine in the congressional district

Lone Dem-held US House seat focus of Okla. primary
http://www.northjersey.com/news/national/160464965_Lone_Dem-held_US_House_seat_focus_of_Okla__primary.html
NorthJersey.com
OKLAHOMA CITY (AP) – Navy pilot Jim Bridenstine stunned U.S. Rep. John Sullivan on Tuesday in the Republican primary, capping an often-bitter campaign …

GOP lawmaker loses in Okla., Hatch wins in Utah
http://online.wsj.com/article/APb3ec70f0984448cfafe0528515660c3a.html
Wall Street Journal
Jim Bridenstine, a Navy pilot and the former director of a Tulsa space museum, defeated Sullivan on Tuesday, making him the fourth incumbent congressman to …

Rep. John Sullivan Loses Okla. 1st District GOP Primary
http://hotlineoncall.nationaljournal.com/archives/2012/06/rep-john-sulliv.php
National Journal
John Sullivan, R-Okla., lost his 1st District Republican primary Tuesday night to a challenger, Navy Reserve pilot Jim Bridenstine, who came at the incumbent …

Rep. John Sullivan loses GOP primary
http://hotlineoncall.nationaljournal.com/archives/2012/06/rep-john-sulliv.php
The Hill (blog)
Political neophyte Jim Bridenstine, a Navy pilot, topped Sullivan 54 percent to 46, with 94 percent of precincts reporting. Sullivan, first elected in 2002, is one of …

Oklahoma Rep. John Sullivan Loses GOP Primary In Upset
http://livewire.talkingpointsmemo.com/entries/oklahoma-congressman-loses-gop-primary-in-upset
TPM
John Sullivan lost his Republican primary in a major upset Tuesday, against Iraq War veteran and tea party insurgent Jim Bridenstine. Bridenstine won with 54 …

10 Things to Know for Wednesday
http://www.miamiherald.com/2012/06/27/2870090/10-things-to-know-for-wednesday.html
MiamiHerald.com
The Utah congressman wins his state’s primary, but Rep. John Sullivan couldn’t do the same in Oklahoma, losing to the conservative group’s Jim Bridenstine. 3.

The Simple Lesson of John Sullivan’s Defeat in OK-1
http://www.redstate.com/dhorowitz3/2012/06/27/the-simple-lesson-of-john-sullivan%E2%80%99s-defeat-in-ok-1/
RedState
That is exactly what Jim Bridenstine did in Oklahoma District 1 (R-16) this year. … But Jim Bridenstine spoke to the inner-core of the conservative Oklahoma …

Oklahoma Elections: Rep. John Sullivan loses seat to political newcomer Jim Bridenstine
http://newsok.com/oklahoma-elections-rep.-john-sullivan-loses-seat-to-political-newcomer-jim-bridenstine/article/3687956#ixzz1z1eAXcC3
NewsOK.com
Sullivan, who has been in the House since 2002, has fended off primary challenges before, but U.S. Navy Reserve pilot Jim Bridenstine ran a hard-hitting …

Five-Term Oklahoma Congressman Sullivan Suffers Primary Defeat …
http://www.newson6.com/story/18889004/five-term-oklahoma-congressman-john-sullivan-suffers-primary-defeat
News On 6
Former U.S. Navy pilot Jim Bridenstine, of Jenks, defeated Sullivan and will be the Republican candidate on the general election ballot in November. At 11:30 …

Unofficial results: Bridenstine, Newberry take primary elections
http://sandspringsleader.com/news/unofficial-results-bridenstine-newberry-take-primary-elections/article_52996f26-c017-11e1-bd85-001a4bcf887a.html
Sand Springs Leader
With all precincts reporting, Jim Bridenstine has defeated five-term incumbent John Sullivan in the June 26 primary elections.

Hatch overcomes tea party challenge to win primary
http://www.google.com/hostednews/ap/article/ALeqM5jM7SvyqYxlk8PrgSau1VHZUiYjOg?docId=e036d360d282480da3a34d36b82791a7
The Associated Press
Tea partiers had more success in Oklahoma, where political newcomer Jim Bridenstine upset five-term Republican Rep. John Sullivan. Bridenstine ran to …

On Election Day: A Tale of Two Campaign Warchests
http://blog.newsok.com/politics/2012/06/26/on-election-day-a-tale-of-two-campaign-warchests/
NewsOK.com (blog)
John Sullivan collected $113500 for his primary campaign against Naval Reserve pilot Jim Bridenstine, raising money the congressional incumbent way _ from …

Rep. Sullivan Loses Okla. Primary
http://www.nationaljournal.com/houseraceresults/rep-sullivan-loses-okla-primary-20120627
National Journal
With 94 percent of precincts reporting, Navy Reserve pilot Jim Bridenstine has 54 percent to Sullivan’s 46 percent. The AP has called the race for Bridenstine.

Rangel Fends Off Challengers to Win NY Primary
http://www.cnbc.com/id/47972263
CNBC.com
John Sullivan fell to Jim Bridenstine, a Navy pilot and the former director of a Tulsa space museum. Sullivan became the fourth incumbent congressman to lose …

Incumbent US lawmakers fend off challengers in primaries
http://leanforward.msnbc.msn.com/_news/2012/06/27/12436465-incumbent-us-lawmakers-fend-off-challengers-in-primaries?lite
msnbc.com (blog)
But a Tea Party favorite in Oklahoma, former Navy pilot and political newcomer Jim Bridenstine, scored an upset victory over the Republican incumbent in that …

NewsOn6.com – Tulsa, OK – News, Weather, Video and Sports …
http://www.newson6.com/story/18880540/2012-oklahoma-primary-election-results-pour-in
With half the 1st Congressional District precincts reporting unofficial results, political newcomer Jim Bridenstine had 53 percent of the vote over Sullivan.

Bridenstine pulls off upset victory over Sullivan in Dist. 1
KRMG
http://www.krmg.com/news/news/local/bridenstine-pulls-upset-victory-over-sullivan-dist/nPfq7/
Jim Bridenstine, Candidate for Oklahoma’s First Congressional District. By Russell Mills …

Muskogee Daily Phoenix
http://muskogeephoenix.com/local/x1483808507/Unofficial-results
1st Congressional District (240 of 327 precincts) – Jim Bridenstine, 20375 or 53.35 …

Bridenstine beats Sullivan in US Congressional District 1 race
kjrh.com
http://www.kjrh.com/dpp/news/local_news/bridenstine-says-people-want-change
Bridenstine beats Sullivan. Lots of hard work, that what Jim Bridenstine says prompted a close race against incumbent John Sullivan. Watch Video …

Oklahoma: John Sullivan Loses Primary in Surprise Upset
http://atr.rollcall.com/oklahoma-john-sullivan-loses-primary-in-surprise-upset/
John Sullivan unexpectedly lost the GOP Okla. primary Tuesday night to U.S. Navy Reserve Pilot Jim Bridenstine – @rollcall …

Incumbent Okla. lawmakers win primary victories
http://www.therepublic.com/view/story/02a1e8113edd480d9c89ac1d49a44996/OK–Oklahoma-Legislature
The Republic
While a tea party-backed conservative, Jim Bridenstine, knocked off incumbent U.S. Rep. John Sullivan in a Tulsa-area congressional race, the same success …

The Tulsa Air and Space Museum and Planetarium Releases Official Statement Regarding LCDR Jim Bridenstine’s Service as Executive Director

Official statement contradicts negative accusations issued by John Sullivan

(Tulsa, OK 6/12/12) The Tulsa Air and Space Museum and Planetarium (TASM) released its official statement in regards to Congressional Candidate LCDR Jim Bridenstine’s service to the museum as Executive Director, noting that both attendance and visibility grew during his tenure.

Bridenstine’s record at TASM has come under fire by his opponent John Sullivan on multiple occasions.  The Sullivan campaign first claimed that Bridenstine was fired from the museum through a coordinated whisper-campaign spread throughout the First Congressional District. Then, Congressman Sullivan went on to personally attack Bridenstine in a live debate on KFAQ saying that attendance had decreased during Bridenstine’s employment. “Both statements are simply untrue,” said Bridenstine, “I have always been proud of what was accomplished at TASM during my time there. Attendance grew and because of our efforts the museum received the local and national attention an institution of its caliber deserves.”

When asked why he believes Congressman Sullivan seems determined to portray his time at TASM as less than honorable, Bridenstine said “With such a short list of accomplishments during his time in Congress he has no choice but to try and convince voters why they shouldn’t vote for me, as opposed to why they should vote for him. At this point, I believe he will say and do anything to keep his job.”

TULSA AIR AND SPACE MUSEUM OFFICIAL STATEMENT

The Tulsa Air and Space Museum is neither for nor against any candidate in any election. Certain statements have been made by others outside of the Tulsa Air and Space Museum and the Tulsa Air and Space Museum wishes to clarify certain facts: Jim Bridenstine was employed at the Tulsa Air and Space Museum as its Executive Director from December 2008 through August 20, 2010. While at the Tulsa Air and Space Museum, Jim Bridenstine developed the QuikTrip Air and Rocket Racing Show and the Land the Shuttle Campaign, both of which garnered tremendous visibility for the Tulsa Air and Space Museum. While Mr. Bridenstine was executive director attendance increased at the museum. In August 2010 Mr. Bridenstine voluntarily resigned from his position as Executive Director at the Tulsa Air and Space Museum in order to follow his orders in the Navy Reserves. Mr. Bridenstine was not terminated from the Tulsa Air and Space Museum.

- Barbara Smallwood

Bridenstine Campaign Announces Internal Polling Results

An Automated Phone Poll Conducted by the Bridenstine Campaign Indicates the First District Congressional Race Is Currently A Dead Heat. 

Tulsa, OK, May 23, 2012: The Jim Bridenstine campaign conducted an automated-phone poll on the evening of Thursday, May 17, 2012. Results of the poll indicate that the First District Congressional race between Lt. Commander Jim Bridenstine of Tulsa, and Congressman John Sullivan, also of Tulsa, is a statistical dead heat. 

The survey was completed by 647 randomly selected, very likely First District voters, yielding a margin of error of 3.79%. The breakdown by candidate was as follows: 

  • John Sullivan–221 (34.16%)
  • Jim Bridenstine–213 (32.92%)
  • Undecided 213–(32.92%)

The survey was conducted by J. David Weston, a campaign consultant advising the campaign.

Challenger Pleased With Results

Bridenstine, who is currently a Lt. Commander in the Naval Reserves, was upbeat about the survey results. “We’ve assembled a great team and we’re excited about the momentum that we have with less than five weeks to go. Having caught him so early, it appears our message of conservative leadership is resonating.”

The campaign believes that the First District race may join the growing list of primaries nationwide, like Indiana and Nebraska, where challengers are defeating incumbents, or more established candidates.

 

RESTORING AMERICA PROJECT ENDORSES JIM BRIDENSTINE

Restoring America Project (RAP) Super PAC has announced its endorsement of Jim Bridenstine for United States Congress, in Oklahoma’s 1st District.

“With his United States Navy background of flying F-18 Fighter jets and his dedication to our nation, we at Restoring America Project are very proud to lend our support to this great American for Congress,” said Ken Crow (RAP PAC Vice-President and Co-Founder).

Crow continued, “It really wasn’t hard deciding who we would back in this key primary race.  On the one hand you have the incumbent, John Sullivan, who– as a Republican member of Congress– aided and abetted President Obama in driving up our national debt to unheard-of heights. That is, when he bothered to vote at all.”

From February 2002 to April 2012, Sullivan missed 665 of 7534 recorded or roll call votes, which is 9.0%– compare that to the average, 2.4%. He has also periodically missed 60% of his votes. That makes him the second-worst among his colleagues in voting attendance. Crow went on to say, “It’s RINOs like Congressman Sullivan who have been some of the top culprits behind our nation’s problems with its checkbook. These people are not capable of saying ‘no’.

The Tulsa Beacon’s endorsement of Jim Bridenstine urged “all citizens of good conscience to support him with financial donations, offers to volunteer and their vote in the upcoming GOP primary.”

He has vowed to oppose any legislation that adds to the national debt. In fact, he has said that he would urge his fellow congressmen to pass a constitutional amendment requiring a supermajority to raise taxes. Bridenstine also supports term limits.

Said Crow, “When he decided to run for Congress, I have to confess, we were thrilled. Not only is Bridenstine dedicated and intelligent, but he’s owned livestock and real estate businesses, too. He truly understands how important the free-market system is to the prosperity of our country as a whole. Plus, his military experience earned him the ‘all important’ ingredients of honor and integrity. We only regret that we haven’t found a couple hundred more just like him to send to Washington.”

RAP PAC’s staff includes several important Tea Party leaders, including president Tim Selaty, Sr. and chief financial officer Tim Selaty, Jr., co-founders of the Tea Party Tribune; Ken Crow, co-founder of the Tea Party of America; chief operating officer Richard Disney; spokes-person Kevin Jackson, a Fox News contributor; and Becca Lower, director of social multimedia relations.

For more information on the Restoring America Project, visit (http://restoringamericaproject.org/).

Republican Congressional Candidate LCDR Jim Bridenstine Announces Bixby and Broken Arrow Town Hall Meetings

(Tulsa, OK 5/1/12) Congressional Candidate Lieutenant Commander Jim
Bridenstine has announced the dates of his Town Hall Meetings for both Bixby
and Broken Arrow. The Bixby Town Hall will take place Thursday, May 3rd at
7:00pm and will be held at the RiverCrest Event Center located at 13329 S.
Memorial Drive. The Broken Arrow Town Hall will take place on Friday, May
18th at 7:00pm and will be held at the Broken Arrow Community Center
located at 1500 S. Main Street in Broken Arrow.

“I am looking forward these events,” said Bridenstine. “Too often politicians
avoid events like these and dodge the tough questions that are often
associated with them. I want to hear the concerns people in these
communities have about the direction of our country and how the federal
government affects their lives. I also want to outline the solutions I believe
are needed to restore our Founders’ visionary, conservative values that have
made America the greatest nation world history.”

Jim Bridenstine is a veteran combat pilot who served in Iraq and Afghanistan
and is challenging incumbent John Sullivan for Oklahoma’s First District
Congressional Seat. As the former Executive Director of the Tulsa Air and
Space Museum, Jim Bridenstine launched Tulsa’s energetic effort to acquire a
retiring Space Shuttle and created many exciting aviation events. Bridenstine
graduated from Jenks High School, has a triple major from Rice University
and an MBA from Cornell.

Lobbying Against the Keystone Pipeline: Obama Continues to Put His Radical Agenda Ahead of the Interests of the American People

Yesterday the Senate rejected a transportation bill amendment that would have enabled construction of the northern section of the Keystone XL Pipeline. Eleven Democrats joined all Republicans in voting 56 to 42 in favor of removing Obama’s authority to block construction. However, 60 votes were needed.

To no one’s surprise, sources on Capitol Hill confirmed that President Obama personally called Democratic senators urging them to vote “no” on this amendment that would have advanced national energy security and lowered gasoline prices long term. At a time when Oklahomans are paying $3.50 for a gallon of gasoline, it’s hard to think of a less appropriate time for President Obama and Senate Democrats to put the agenda of their radical, left wing environmentalist base ahead of the interests of the American people.

Approving construction of this privately-funded pipeline to move less expensive Canadian oil to U.S. Gulf Coast refineries would have resulted in near term job creation, including jobs in Oklahoma. This president and his administration have once again made it clear that they have no interest in prioritizing national security and the needs of families and business owners who have struggled through the worst economic down turn since the Carter administration.

Like Jimmy Carter, Barack Obama has consistently pursued failed liberal policies that have delayed economic recovery, inhibiting energy security, housing construction and jobs growth. Like Jimmy Carter, Barack Obama is a failed, incompetent president who needs to be voted out of office at the end of his first term.

Discretionary Spending Bill is Bad Policy

Last night, the Senate voted to approve an omnibus spending bill totaling $915 billion written on 1,221 pages.  The bill arrived 15 minutes before the roll call was taken and it passed.  The House voted for a very similar bill the day before in the same fashion.  Congressman Sullivan voted for the bill, while Senator Coburn voted against the bill.  I would have voted against it.  Here’s why:

1.  I wouldn’t vote for anything without reading it.

2.  This bill doesn’t cut spending or move us toward a balanced budget.

3.  The Senate bill raises taxes.  It includes $35.7 billion in new taxes on new homeowners for the “general revenue.”  These new taxes are disguised as “fees” that Fannie Mae and Freddie Mac will levy on mortgage lenders.  The lenders, of course, will charge them to new homeowners.  So, if you are buying a home, I recommend you close before the President signs this bill.

4.  The new taxes on homeowners are being used to compensate for the payroll tax holiday, which is Social Security’s only source of revenue.  Social Security, which was created to be a self-sustaining, stand-alone, savings mandate for individuals, is being fundamentally transformed into a wealth transfer program as a result of this legislation.

5.  This bill spends $3.5 billion on DoD programs that the DoD neither wants nor needs.  Senator Coburn, who appropriately voted against this bill, said the funds will go to the friends of lawmakers.  I am a pilot in the U.S. Navy.  My operational squadron is being cut for lack of funds, while lawmakers hand out billions of dollars for unwanted programs that benefit political favorites and do not improve war fighting capability.

6.  The Senate bill includes a provision that requires the President to decide on the Keystone Pipeline within 60 days.  This provision has no teeth.  What will happen if 60 days pass and the President fails to make a decision?  Nothing.  Instead, the House and Senate should pass separate legislation mandating that the Keystone Pipeline be built now.  They should send it to the President and force him to veto it in an election year.  He won’t veto it and the pipeline will be built.  This is not a taxpayer funded pipeline and there is no sound reason not to build it.

This discretionary spending bill is the type of legislation we receive when our representatives wait until the brink of a government shutdown before appropriating funds.  Congress cannot solve its spending problem with last minute deals to prevent a government shutdown.  Our debt level, which is greater than our GDP, has made it more difficult for the Treasury Department to sell securities to fund the government.  The Federal Reserve has attempted to assist by buying treasuries with newly created money.  While this has funded the government, the Fed’s policy has greatly weakened the U.S. Dollar and thwarted new investment in Dollar denominated assets.  Without investment, businesses are not created and do not grow.  Joblessness mounts.  Bottom line – Congress needs to quit spending.  This bill doesn’t even come close.  Senator Coburn voted correctly.

Payroll Tax Holiday Solves Nothing

President Obama and Senator Reid are proposing to extend the payroll tax holiday.  Payroll taxes are Social Security’s only source of revenue.  They say they are going to “pay for” the extension with a millionaire surtax.  Here are the problems:

  • Nothing our government does is “paid for.”  After this plan is passed, the U.S. will still be borrowing 40 cents of every dollar we spend.  Only after our budget is balanced can they claim something is “paid for.”
  • With this policy, the Obama Administration is shifting Social Security from an independent retirement program funded by payroll taxes to a wealth transfer program funded by the general revenue of the United States.
  • Social Security has $6.5 trillion worth of unfunded obligations over the next 75 years.  Instead of fixing Social Security, the proposed plan sets the precedent for using general revenues to pay for the long term unfunded obligations of Social Security.
  • Unfortunately, Congress is already indirectly funding Social Security with general revenue since it has borrowed and spent all the money in the Social Security Trust Fund.

A payroll tax cut makes a bad problem worse.  Once politicians officially decide that Social Security will be funded by general revenue, they will move the burden to future generations.  Today, the older generation is paid by the younger generation.  Tomorrow, the older generation will be paid by generations that are yet to exist.  This will be done through the issuance of debt.  Of course, nobody will buy our debt (lend our government money), so the Fed will create new money and lend it to the Treasury (quantitative easing).  The U.S. Dollar will continue to be diluted and weaken while capital flows to countries with more stable fiscal and monetary policies.  Without capital formation in the U.S., companies will not grow or be created and joblessness will mount.  Our future generations will pay the price.

These problems can be averted by sound fiscal policies.  We cannot let politicians play around the edges while our country faces serious fiscal problems.