This week the House voted on a "clean" debt limit increase -- a bill that would have increased the debt limit by $2.4 trillion without any conditions. I voted against the bill because any increase in the debt limit must be accompanied by significant spending reductions. The bill failed by a vote of 318-97, with many Democrats and all Republicans voting against it.
The Obama Administration and many Congressional Democrats had called for a "clean" debt limit increase and in order to accommodate their requests, House Republicans brought a clean bill to the floor. However, the vote demonstrated that the American people, through their representatives, do not want a debt limit increase without spending cuts and reforms to decrease the size of government. Our debt has become a serious economic liability:
* Our national debt is more than $14.2 trillion, almost more than our entire economy.
* We are borrowing nearly 42 cents of every dollar we spend, much of it from the Chinese, and sending the bill to our children and grandchildren.
* Every child born today already owes $45,500 in debt they didn't create.
We have an opportunity to change the course of our country and put future generations on a path to prosperity but we must make the hard decisions now. We must cut up the credit card, not spend more than we take in and institute real reforms to pay down our debt and slow the growth of government.
Please share your thoughts on the debt limit increase, I appreciate your input.
Member of Congress