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Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation.
Over the last few years, the world has become a smaller and more integrated place with technology that is leveling the playing field like never before.
One of the first things I did as a new Member of Congress was help form a bipartisan Mississippi River Caucus so we could work together from both the North and the South in order to draw attention to the resources that are needed along the Mississippi River.
Most of the scientific community believes that for the full potential of embryonic stem cell research to be reached, the number of cell lines readily available to scientists must increase.
Most of the locks and dams on the upper Mississippi River system are over 60 years old and many are in serious need of repair and rehabilitation.
More important is the fact that embryonic stem cell research could lead to new treatments and cures for the many Americans afflicted with life-threatening and debilitating diseases.
Judicial review has been a part of our democracy in this constitutional government for over 200 years.
In the underlying bill, I think the authors of the legislation, those in support of it, understand the use of the Mississippi River. Yes, there is commercial navigation on it, and there will be tomorrow.
In the coming year, I believe we can make sure America lives up to its legacy as a land of opportunity if the President is willing to back up his rhetoric with substance.
In fact, even the current administration now is releasing recent reports indicating that climate change is real, that global warming is occurring, that it is heavily influenced by man-made objects and that it is something we cannot ignore any longer.
In addition, the oil royalties the Federal Government does not collect from big oil will starve the Land and Water Conservation Fund of critical financial resources.
In a time of serious budget deficits, immense war costs and a sluggish economy, we cannot afford to grant such outlandish subsidies to some of our Nation's largest corporations.
I believe that we as the leader of the Free World must provide important leadership on the ethical parameters, the ethical constraints that this research requires.
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