Thornberry: Country Can't Afford To Wait Until 2011 To Stop Spending Or Reduce Debt
Press Release
Issues: Government Budget and Spending
U.S. Congressman Mac Thornberry (TX-13) issued the following statement after the federal debt limit was raised to record $14.3 trillion, which is roughly the size of the U.S. economy:
"Ten days ago I met with seniors at Randall High School about our country's financial problems. At that point, each of them owed $39,000 as his or her share of the national debt. With the vote today each of these students now owes $46,319.
We cannot wait until 2011 to take action on the out-of-control spending and the increasing debt burden we are passing along to our children. We must act now."
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