August 20, 2002
On Friday August 23, Congressman Adam Smith (D-Tacoma) will speak with the Des Moines Chamber of Commerce and the Rotary Club of Lakewood about using fiscal discipline to get our economy back on track.
Last month the Office of Management and Budget revealed that projected federal deficits for this year have exploded to $165 billion, leaving little doubt that the federal government will be forced to dip even further into the Social Security trust fund. The national debt clock, reset last month, highlights the nation’s troubles as the clock's $6.1 trillion debt figure skyrockets upwards at a rate of $30 a second.
Congressman Adam Smith believes that a return to sincere and deliberate fiscal discipline must be the cornerstone of our government’s economic policy. In the 1990s when Wall Street and Main Street saw that the government was serious about keeping its books in order and reducing the national debt, interest rates fell and private investment grew. Businesses created jobs and all Americans benefited from lower interest rates on their mortgages, student loans and consumer credit.
Members of the media are invited to attend both the Des Moines Chamber of Commerce meeting and the Rotary Club of Lakewood address. For further information on the meetings or to speak with Smith during the day, please contact Katharine Lister at (202) 225-6902.
7:30a.m. – 9:00a.m. Meeting with Des Moines Chamber of Commerce
Where: Des Moines Creek Restaurant
21830 Marine View Drive, Des Moines
12:00p.m. – 1:30p.m. Meeting with the Rotary Club of Lakewood
Where: Oakbrook Golf and Country Club
8102 Zircon Drive SW, Lakewood