Coats Notes: Reforming Washington's Spending Habits

Senator Dan Coats
2012-12-14 14:06:51
<iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/co ats_topbanner.jpg> Dear Friend, Thank you for signing up to receive my email newsletter. These newsletters will cover a variety of topics, including events happening in Indiana, legislation being considered in Congress, and my perspective on current issues. My hope is to keep you updated and informed on how issues in Washington may impact Hoosiers. I welcome your feedback. Thanks for reading, Dan Coats _____ Reforming Washington's Spending Habits As we inch closer to the fiscal cliff, I spoke on the Senate floor this week and urged Congress to work together to pass legislation that will pull our nation back from the brink. This is a historic opportunity to right the wrongs of the past and put in place a package of reforms that will strengthen our economy and preserve the American dream for future generations. As talks continue among both parties, I believe negotiations must begin with spending reductions. Our fiscal crisis is not a tax problem; it's a spending problem. If we don't start addressing our spending addiction, we will not be able to put together a credible package. To avert a fiscal meltdown and put our country on a path to economic stability, I believe we need to construct a plan that meets the following principles: 1) Reduce spending to control our budget deficits. We must focus on the essential functions of the federal government and begin living within our means. Any fiscal cliff deal should start by reducing spending by at least $4 trillion over the next 10 years. 2) Restructure mandatory spending programs. We cannot fix our finances if we continue to avoid reforming the main drivers of our national debt - Medicare, Medicaid and Social Security. Congress must restructure these programs to prevent them from going bankrupt and preserve these benefits for future generations. 3) Reform the tax code. One of the best ways we can grow the economy and create jobs is by simplifying the tax code to make it fairer and more competitive. 4) Include enforcement mechanisms. Washington often has a way of not sticking to its promises or abiding by its own rules. Any deficit-reduction package must include enforcement mechanisms to ensure these commitments to reform the tax code, restructure mandatory programs and cut spending actually occur. The fiscal challenges we face are great and demand bold solutions. If President Obama and the Congress do not heed this moment and put in place serious spending reforms, we will continue to hit one fiscal cliff after the next. Watch my full speech by clicking here <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fyoutu. be%2f85Rjbt6Dhjc> or on the image below. <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fwww.yo utube.com%2fwatch%3fv%3d85Rjbt6Dhjc%26amp%3bfeature%3dyoutu.be> <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/CO ATSFISCALenews.png> _____ Touring NSA Crane with Chief of Naval Operations Monday was a special day in southern Indiana. The Chief of Naval Operations, Admiral Jonathan W. Greenert, visited the Naval Support Activity Crane (NSA Crane). This was the first time a Chief of Naval Operations has visited Crane. I invited Admiral Greenert to visit Crane when he testified earlier this year before the Senate Appropriations Subcommittee on Defense, and I am appreciative that he accepted this request. Both the Admiral and I were impressed by what we saw during our time at NSA Crane this week. This tour was a unique opportunity for southern Indiana to showcase the innovative work of Hoosiers and the role our state is playing in supporting our nation's warfighters. Crane is involved in nearly every ship, submarine, aircraft and missile system in the Navy. Crane also delivers cutting-edge capabilities to warfighters in the Army, Marine Corps, Air Force and Coast Guard along with many other Department of Defense agencies, the intelligence community and foreign militaries. For a variety of reasons, Crane is vitally important to both our state and nation. As Hoosiers, we can take great pride in this important facility and its skilled Hoosiers who help keep our nation safe. Coats in the News CNO tours Crane facility <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fwww.co urierpress.com%2fnews%2f2012%2fdec%2f10%2fnavy-chief-tours-crane-facilit y-part-indiana-congr%2f> Grissom Army Reserve unit headed to Africa <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fkokomo perspective.com%2fnews%2fgrissom-army-reserve-unit-headed-to-africa%2far ticle_46f3ea2e-430d-11e2-8dbf-001a4bcf887a.html> Indiana Lawmakers Speak Out on Fiscal Cliff <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fmywaba shvalley.com%2ffulltext%3fnxd_id%3d283612> Coats Pays Tribute to Lugar in Senate Floor Speech <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fwww.kp cnews.com%2fyoutube_527228ba-448a-11e2-989e-001a4bcf6878.html> _____ Stay Connected <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fwww.fa cebook.com%2fpages%2fSenator-Dan-Coats%2f180671148633644> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2ftwitte r.com%2fSenDanCoats> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fwww.yo utube.com%2fSenatorCoats> _____ Coats visits NSA Crane <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fphotos%2fsenator-coats-tours-nsa-crane> Senator Coats tours NSA Crane with Chief of Naval Operations Admiral Jonathan W. Greenert, Sentor-elect Joe Donnelly, Rep. Todd Young and Lt. Gov-elect Sue Ellspermann. <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/cr ane6.jpg> Senator Coats tours Naval Support Activity Crane. <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2fnewsroom%2fphotos%2fcoats-tours-countrymark-refinery> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fphotos%2fsenator-coats-tours-nsa-crane> Senator Coats arrives at Naval Support Activity Crane. <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/12 1210-N-MR920-171.jpg> Senator Coats at Naval Support Activity Crane. _____ Unsubscribe Contact Me <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2fcontact%2f> Latest News <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14699.7837377.5188861.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2f> <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/iq trk.gif?crop=14699.7837377.5188861.7189397>
 

Dear Friend,

Thank you for signing up to receive my email newsletter. These newsletters will cover a variety of topics, including events happening in Indiana, legislation being considered in Congress, and my perspective on current issues. My hope is to keep you updated and informed on how issues in Washington may impact Hoosiers. I welcome your feedback.

Thanks for reading,
Dan Coats


Reforming Washington's Spending Habits 

As we inch closer to the fiscal cliff, I spoke on the Senate floor this week and urged Congress to work together to pass legislation that will pull our nation back from the brink. This is a historic opportunity to right the wrongs of the past and put in place a package of reforms that will strengthen our economy and preserve the American dream for future generations.

As talks continue among both parties, I believe negotiations must begin with spending reductions.

Our fiscal crisis is not a tax problem; it’s a spending problem. If we don’t start addressing our spending addiction, we will not be able to put together a credible package.

To avert a fiscal meltdown and put our country on a path to economic stability, I believe we need to construct a plan that meets the following principles:

1) Reduce spending to control our budget deficits. We must focus on the essential functions of the federal government and begin living within our means. Any fiscal cliff deal should start by reducing spending by at least $4 trillion over the next 10 years.

2) Restructure mandatory spending programs. We cannot fix our finances if we continue to avoid reforming the main drivers of our national debt – Medicare, Medicaid and Social Security. Congress must restructure these programs to prevent them from going bankrupt and preserve these benefits for future generations.

3) Reform the tax code. One of the best ways we can grow the economy and create jobs is by simplifying the tax code to make it fairer and more competitive. 

4) Include enforcement mechanisms. Washington often has a way of not sticking to its promises or abiding by its own rules. Any deficit-reduction package must include enforcement mechanisms to ensure these commitments to reform the tax code, restructure mandatory programs and cut spending actually occur.

The fiscal challenges we face are great and demand bold solutions. If President Obama and the Congress do not heed this moment and put in place serious spending reforms, we will continue to hit one fiscal cliff after the next.

Watch my full speech by clicking here or on the image below.


Touring NSA Crane with Chief of Naval Operations

Monday was a special day in southern Indiana. The Chief of Naval Operations, Admiral Jonathan W. Greenert, visited the Naval Support Activity Crane (NSA Crane). This was the first time a Chief of Naval Operations has visited Crane.  I invited Admiral Greenert to visit Crane when he testified earlier this year before the Senate Appropriations Subcommittee on Defense, and I am appreciative that he accepted this request.

Both the Admiral and I were impressed by what we saw during our time at NSA Crane this week. This tour was a unique opportunity for southern Indiana to showcase the innovative work of Hoosiers and the role our state is playing in supporting our nation’s warfighters.

Crane is involved in nearly every ship, submarine, aircraft and missile system in the Navy. Crane also delivers cutting-edge capabilities to warfighters in the Army, Marine Corps, Air Force and Coast Guard along with many other Department of Defense agencies, the intelligence community and foreign militaries. 

For a variety of reasons, Crane is vitally important to both our state and nation. As Hoosiers, we can take great pride in this important facility and its skilled Hoosiers who help keep our nation safe.

Coats in the News

CNO tours Crane facility

Grissom Army Reserve unit headed to Africa

Indiana Lawmakers Speak Out on Fiscal Cliff

Coats Pays Tribute to Lugar in Senate Floor Speech


Stay Connected

     


Coats visits NSA Crane


Senator Coats tours NSA Crane with Chief of Naval Operations Admiral Jonathan W. Greenert, Sentor-elect Joe Donnelly, Rep. Todd Young and Lt. Gov-elect Sue Ellspermann.


Senator Coats tours Naval Support Activity Crane.


Senator Coats arrives at Naval Support Activity Crane.


Senator Coats at Naval Support Activity Crane.


Unsubscribe