Wednesday, March 6, 2013

Senator Cruz Wants To See Economic Growth

Sen. Ted Cruz said he and his staff have a singular focus – economic growth. Of all economic data swirling around, the most important data point is the 0.8 percent average economic growth rate during President Obama’s first term. Cruz contrasted that figure with the 3.3 percent average economic growth rate since World War II.

Without economic growth, Cruz said, no other problems in Washington can be solved - including the debt problem. Cruz said that budget writers cannot cut enough spending to balance budget without economic growth and that this issue could be the source of bipartisan agreement to get people back to work.

Cruz identified three sub-priorities: restraining out of control spending, reducing the tax burden on individuals and businesses and reducing the regulatory burden.

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