The United
States has embarked upon an era of global economic competition in
which American companies and American workers are going head_to_head
against foreign businesses and workers for market share at home and
abroad. I believe the international economic race is not a sprint
but a marathon; winning requires endurance. Building endurance requires
first and foremost training and investment in our workers. With knowledge
having surpassed capital, labor and raw materials as the key resource
in the new world economy, education in the schools and in the workplace
must provide American workers with the capability to create and apply
new technology and the flexibility to adapt to change.
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Critical investments in education and technology
must be accompanied by a concerted effort to achieve high standards
of budget discipline and fiscal responsibility. With our national
debt now well over $5 trillion, wasteful spending must not be tolerated.
Paying down the debt creates a ripple effect throughout the economy
- cheaper access to credit for American businesses, lower mortgage
rates for home buyers, reduced auto loan rates, and lower inflation.
During the 1990s, a national commitment to deficit reduction resulted
in the longest peacetime expansion in history. In the 21st century,
I believe that trend should continue. The government must use its
resources wisely to ensure the economy runs efficiently.
My record reflects an unwavering commitment to job creation, economic
growth and deficit reduction. From my assignments on the Senate's
Finance, Commerce, Foreign Relations and Small Business Committees,
I have been a strong advocate for measures to strengthen budget discipline,
deliver targeted tax relief to working American families, sustain
investments in research and development, expand capital formation,
facilitate the creation and growth of small businesses, establish
free and fair international trading rules and promote the export of
United States products and services. With new trends and challenges
emerging daily, I will continue working to ensure that American businesses
and the American workforce remain at the forefront of our global economy. |