Tags: Richard Burr | Social Security | Medicaid | Medicare | deepwater drilling | oil

Sen. Burr: Big Changes Needed to Cut US Debt

Saturday, 26 Feb 2011 03:39 PM

Changes in federal entitlement spending are critical to reducing the country’s massive debt, Sen. Richard Burr says. According to the Richard Burr, Social Security, Medicaid, Medicare, deepwater drilling, oilStatesville Record & Landmark, the Republican senator from North Carolina told a local Rotary Club that Social Security, Medicare and Medicaid account for 57 percent of the federal budget.

Burr told the group that elected leaders need to explain to the American people that reforming these programs is essential to growing businesses and creating jobs in the future.

“We have to be bold enough to reform Medicare, Medicaid and Social Security,” he said. “If we do it right, there won’t be anybody in America that won’t feel the effects.”

Burr also warned of rising fuel costs.

“Every cent gas goes up takes $1.7 billion out of our economy,” he said.

He advocated for the expansion of nuclear energy and the lifting of the moratorium on deepwater drilling in the Gulf of Mexico.

© 2015 Newsmax. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved