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King: National debt an immoral inheritance for America's kids
U.S. Rep. Steve King, R-Kiron, told the Carroll Rotary Club Monday that the federal debt has crushing consequences for young Americans.  Daily Times Herald Photo by Doug Burns
U.S. Rep. Steve King, R-Kiron, told the Carroll Rotary Club Monday that the federal debt has crushing consequences for young Americans.  Daily Times Herald Photo by Doug Burns
By DOUGLAS BURNS
Staff Writer

Tuesday, October 30, 2012

Familiarity should breed votes.

That’s one of the cases U.S. Rep. Steve King, R-Kiron, made for his re-election during remarks to the Carroll Rotary Club Monday.

“You all know me, I’m your neighbor,” said King, a five-term congressman.

In the speech at the noon luncheon, King zeroed in on economic issues. He said a child born in the United States today begins life with what amounts to a more than $50,000 share of the $16 trillion national debt — figures recently confirmed by Politifact, a non-partisan fact-checking organization.

“I’m going to be checked into the next life before that gets paid off,” King said. “But our children and our grandchildren will have to pay it.”

King said he sees this as a moral issue.

“I think it is immoral for us to mortgage the labor of children yet to be born so that we can live the lifestyle we have today,” King said.  

King said he’s not even sure whether certain Republicans have the courage to reduce the debt.

“Even if all the people on my side win the election, I’m not 100 percent convinced they have the grit, the determination and the will to get to balance and then pay down and off that national debt,” King said.

King said he has voted against more than $17 trillion in spending. King supports a balanced-budget amendment to the Constitution.

 

Moving to heath care, King stressed his opposition to the Affordable Care Act, also known as Obamacare.

“That’s the biggest issue before us,” King said. “Are we going to go forward with this version of health care? I’m not going to give you a commercial one side or the other on that. You all know what I think.”

King said he’s visited all 382 towns in the new 4th Congressional District.

“That’s quite an experience,” King said. “Every town has something unique.”

King used much of remarks to defend Iowa’s first-in-the-nation caucuses status. He said political professionals from other parts of the nation regularly note that Iowa has the most-well-informed voters in America.

King also addressed the issue of the location of his potential district offices should he win election in the new political territory. King said Carroll would be considered for such an office. King is holding an Election Night party in Carroll next Tuesday largely because it allows the media from both Des Moines and Sioux City to attend. King also has said he’s fond of the Santa Maria Vineyard & Winery in Carroll, the site of his campaign party.



Reader Comments

Posted: Wednesday, October 31, 2012
Article comment by: John Cook

Christie Vilsack has called a balanced budget amendment "a gimmick," but it's worse than a gimmick it is a truly bad idea. In times of recession, it could drive the economy into a depression. While proponents talk about states and households having to balance their budgets, it ignores the fundamentally different way the federal government functions. From a group of economists last year:

"Unlike many state constitutions, which permit borrowing to finance capital expenditures, the federal budget makes no distinction between capital investments and current outlays. Private businesses and households borrow all the time to finance capital spending. A balanced budget amendment would prevent federal borrowing to finance expenditures for infrastructure, education, research and development, environmental protection, and other investment vital to the nation's future well being."

Signed by seven leading economists, including five Nobel laureates.
http://w3.epi-data.org/temp2011/7-19-11-budget-letter.pdf

Of course, Congressman King thinks he knows more about economics than the experts.




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