Congressman Mark Pocan on Capitol City Sunday - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Congressman Mark Pocan on Capitol City Sunday


MADISON (WKOW) -- In late March, Congress approved a resolution to continue federal government funding for another six months, but again failed to pass a budget.

Rep. Mark Pocan (D-WI-2) says that practice continues to hurt the nation's economy.  He is the featured guest on this weekend's edition of Capitol City Sunday.

"Three-quarters of the deficit, next year for the budget we're working on, is caused by economic weakness," said Rep. Pocan.  "In other words: unemployment and underemployment.  Yet we're not really addressing those things."

Rep. Pocan says that and the sequester continue to stifle any real growth.

"If we annually go through the same dance of introducing completely different budgets and never having a budget and then pass the buck again with another continuing resolution, we're never really going to advance to where we need to as a country," said Rep. Pocan.

In the second half of the show, the focus shifts to another problem that's hurting the economy.

"Student loan debt has been exploding," said Scot Ross, Executive Director of One Wisconsin Institute.  "Its gone from $200 billion in the year 2000 to over $1 trillion as of 2011."

One Wisconsin Institute has published a report on how that debt got so out of control and the problems it is causing.

"Our science showed that every year in the State of Wisconsin, we lose $200 million in new car purchasing power, directly attributable to student loan debt," said Ross.  "Not to mention, when you're talking about home ownership, if you have a student loan debt you are two-thirds more likely to be a renter as opposed to owning your own home."

Capitol City Sunday airs at 9:00 a.m. on WKOW 27.

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