Tonight, the U.S. House of Representatives voted 318 to 97 to defeatthe President's request to increase the debt limit. Our country's outstanding federal debt sits at just under $14.3 trillion dollars. Total debt climbed by a staggering $1.5 trillion just this past year. Congressman Mike Pompeo issued the following statement on the failed Housevote:
"I voted no on raising the debt ceiling. No to more debt without a change in behavior. No to increasing the credit card limit when the Obama Administration has zero commitment to reducing the unsustainable rate of spending. No to business as usual in Washington, D.C.
"With this debt ceiling vote, my colleagues and I are putting down a marker on behalf of the American people. Americans have rejected the status quo and sent me along with 86 other Republican Freshmen to Congress to reverse course.
"Earlier this year, the President presented a spending plan to Congress for 2012. Unfortunately, that plan proposed 10 straight years of deficits in excess of $1 trillion. That is a recipe for disaster and one which we cannotaccepton behalf of the Americans who sent us here to rein in out-of-control government spending.
"Spending and deficits must change significantly and immediately. That's why I'm a proud supporter of the responsible budget plan that passed the U.S. House of Representatives. I'm pleased that this measure enjoyed support from all but a handful of Republicans in the U.S. Senate thereafter. The elected officials supporting this plan are prepared to face facts and do the right thing for America. We are prepared to grow jobs. We are prepared to shrink the deficit and we are prepared to preserve our social safety net for the generations to come.
"So long as the fiscal battle will continue, we will continue to make progress. It's undeniable that the spending status quo is no longer an option for my colleagues. This vote sends that message loud and clear," stated Pompeo.