You know, it really is. We just finished a tour of the Third Congressional District of Colorado. Our district is about the size of the State of Florida, the fifth largest congressional district in the United States which is not an entire…
You know, it really is. We just finished a tour of the Third Congressional District of Colorado. Our district is about the size of the State of Florida, the fifth largest congressional district in the United States which is not an entire State, a massive land area, a lot of diversity in terms of the economies.
Incredibly interesting to me as we traveled throughout that Third Congressional District over this past week, we put on probably a little better than 1,500 miles.
Better than 30-plus meetings throughout that district. The frustration level of the American people, the people in my district, their understanding of the challenges that we face as a nation is truly remarkable. The American people get it. And what they want to see out of Washington is that Washington truly gets it.
As we're looking at your chart right now and we go to the revenues that are coming in, the spending which is going out, we're looking at a $1.5 trillion deficit that we are facing. That's going to be going on top of a debt in this country of $14.3 trillion, an unsustainable glide path that is going to take us to economic ruin.
As I traveled through my district, we found people that understood that it's important to be able to build for the future. We challenged them, and they rose to that challenge when we brought it down to taking a picture out of their own wallet and looking at their child or their grandchild. Many of us, myself and perhaps you as well, were raised with that concept of the American Dream. We always believed that we would have it better than our parents and our grandparents before them. The challenge which lies before us is to deliver that American Dream to our children and to our grandchildren.
I was in a conversation with a man from Craig, Colorado, born in 1924. In this conversation he recounted his life. He talked about living through the Great Depression; obviously, World War II. And we were talking about the economic circumstances of our time. And he said, Scott, this is the challenge of your generation. The question yet to be answered is: Will we rise to meet that challenge?
We've seen the government--and I think none of us can question the intent has always been good. And I would challenge anyone who will demonize others for their intent, because I think no matter whatever program, there was a thought behind it. But the problem is, as Americans, when we pull that checkbook out of our hip pocket, we know there's only so much money. And if we exceed that amount, there are going to be consequences that have to be paid. That's the reality that the American people expect us to truly deal with here in Washington. And they know that there are going to be some sacrifices. But those sacrifices are going to be from the standpoint that we have overspent. We're going to have to cut back. We have to be looking to the future. We have to be standing for our children, for our grandchildren, to deliver that dream that we have always believed as the American promise.
It truly is. I believe that I grew up with--and perhaps you did, too. My parents raised me with phrases like ``Yankee ingenuity,'' ``American know-how.'' And I think that when we look at the entire mesh of what's been coming out of Washington, frankly, over the course of the last 10 years, we have seen an overreach of government, which has stifled American creativity.
I'm a small business man, not a career politician. I've actually gotten my hands dirty. I've created a business from the ground up. I have risked. We've had to work hard. But one thing I've learned being a small business man is you have to be nimble. You have to be creative in terms of addressing the problems.
One of the real challenges that we face is there seems to be a mentality in Washington, D.C., that once a program starts, it never ends. We will build on it. We will expand it. We will create redundancies, and we will build out that bureaucracy.
In the private sector, we do things a little bit differently. Periodically, we audit. We take a look to see what we are doing and is it achieving the goals that we are trying to achieve. If not, we eliminate it. We start to approach it from a different fashion to be able to make it work. I think it's that sort of creativity, that sort of nimbleness, which Washington lacks, and it's what the American people are truly crying for. They want to see us be innovative. If it isn't working, don't do it.
Ronald Reagan made the comment, he said the nearest thing to eternal life on Earth is a government program. Nothing has ever been said that is probably more true here on Earth.
I think that, first of all, just to set the plate, and I know that you will join with me on this, we have an obligation to our senior citizens that are receiving Social Security, to those who are about to receive it. And we also have another obligation, again, to our children and our grandchildren. And we need to be able to have that conversation in terms of how are we going to make sure that their opportunities are going to be the equivalent or even better than what our current senior citizens are receiving.
You show a pattern right now in terms of average revenues in relation to expenditures, particularly as baby boomers come on line. That is going to be something that we are going to have to deal with as a Congress, and I think it's something certainly that they're expecting leadership out of Washington. We are compassionate people. We will stand up for our senior citizens. It's a pledge that I made that I will keep for our senior citizens that are receiving Social Security. But I'm also making a pledge to our children and our grandchildren. We are going to be looking at ways to be able to address this so that their future can be as bright and they're going to be looking at a better America as well.