Congressman Adrian Smith (R-NE) today issued the following statement after voting for H.J. Res. 98, which disapproves President Obama's request to increase the statutory debt limit:
"We cannot continue spending money we don't have," said Smith. "With the national debt at more than $15 trillion, we now owe more than the value of our entire economy to our creditors. No Nebraska family or business could operate this way and survive financially. Washington's spending-driven debt crisis is a serious drag on economic growth and is saddling job creators with even more uncertainty. Nebraskans expect Congress and the President to work together to get our fiscal house in order so we can continue the uniquely American tradition of passing onto future generations a stronger and more prosperous nation. I will support nothing less."