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Lungren to Chamber: Keep Hope Alive in U.S. Economy

Congressman was the featured speaker at Tuesday's Carmichael Chamber of Commerce luncheon.

, R-Gold River, compared the country's path to fiscal responsibility on Tuesday to a boxing match, telling his constituents in Carmichael that a vote to increase the debt ceiling is just the first round of the fight.

Lungren's "aye" in the historic vote for the Budget Control Act of 2011 was a step in the right direction, he told the crowd at the luncheon, held at . He stressed solidarity among the government branches amid the gaping federal deficit, and used Greece, Spain and Ireland as examples of weak leadership tied to financial ruin.

Sure, he had a better idea for solving the debt, Lungren said. But then again, he joked, there were 435 better ideas.

"We're really going to have to be reflective of a major change in D.C.," Lungren said.

Inflation fears are growing in D.C., Lungren said. The Federal Reserve is facing an "insidious temptation" to print money, he said, which then spark worries that the value of U.S. currency could plummet further.

Back at home, Lungren said he heard from at least one business owner who said it would be impractical to add jobs right now because of staggering costs and taxes. That's why the government needs to step up, the congressman said.

"If we continue to allow that to happen, it'll become a stagnant economy," Lungren said.

The congressman said he remains hopeful about a turnaround in the economy.

"There's no reason why we shouldn't look back on what made America great," Lungren said.

Lungren is hosting a town hall meeting Wednesday at 7 p.m. at Carmichael's . The Sacramento Business Journal reported Monday that union members are planning a rally there to decry cuts in the federal workforce. However, Lungren said he's not worried about demonstrators concerned with Medicare, who have been at other town halls.

Lungren started off his speech Tuesday by letting the crowd know that his staff in Washington, D.C. was told to evacuate the building after a 5.8 earthquake that struck earlier in the day.

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