President Obama is asking Congress to increase the debt limit by another 1.2 Trillion dollars. Since Obama took office, the national debt has shot up by 42%. Today, 151 days after Congress gave the President a massive increase to the debt ceiling, the country will come within 100 billion dollars of the current limit. This is outrageous and is not sustainable.
The fact that the government is again asking, in such a short time period, to increase the debt shows a catastrophic failure of leadership. More than ever, it is a sign that Washington is dependent on borrowing from its citizens and from foreign countries to finance the current government’s reckless fiscal policies. Washington isn’t simply shifting the burden of difficult choices today on to the backs of our children and grandchildren, Washington’s inability to deal with debt is threatening our livelihood and freedom today. Every penny of additional debt undermines the American Dream with the promise of future taxes and financial insecurity. This crisis of debt is literally threatening our freedoms. Americans deserve better.
We don’t have 30 or even 20 years to fix these problems. We can’t stay on this path for even an additional 10 years. But I know that we can fix this. We will fix this by electing leaders with the courage to restore fiscal disciple and principle to Washington. I pledge that I will fight to restore the constitutional limitations envisioned by our founding fathers and carve back the ever-expanding federal government. I will push for a balanced budget amendment to force financial discipline. We will restore America’s prosperity.
Chris
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