The Debt Bomb
During the fight over the debt ceiling last year, Sen. Tom Coburn (R-OK) took a lot of heat from conservative groups for his part in the “Gang of Six” negotiations, which would have raised taxes in addition to cutting spending.
Coburn, who has been on the frontlines in fighting government waste during his two terms in the Senate, fought back as loudly as much as he could until it was evident that the bipartisan group’s efforts would go to waste. While I don’t agree that revenues are the problem in Washington, Coburn at least took a principled stand and worked for a solution to the nation’s long-term fiscal problems, not just short-term fix on which so many eventually settled.
But Coburn done with the issue. In his new book, The Debt Bomb: A Bold Plan to Stop Washington from Bankrupting America, Coburn explains our fiscal situation and offers his own plan for bring Washington back on the path to sustainability. He also criticizes “careerist” politicians for catering to special interests instead of tackling fiscal issues:
Sen. Tom Coburn’s new book, “The Debt Bomb: A Bold Plan to Stop Washington from Bankrupting American,” critiques Congress in harsh terms and warns of further economic crisis if lawmakers do not get the nation’s deficit under control.
“Congress today is a stagnant pond that needs to be drained and refilled with a steady stream of new public servants,” he writes, according to excerpts provided to ABC News. “I’m a fan of the Jack Welch principle in reverse for Congress … fire 90 percent of members every election and only keep the 10 percent who were productive.”