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Providing for Consideration of H. RES. 515, Addressing a Motion to Proceed Under Section 3101A of Title 31, United States Code

Floor Speech

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Date:
Location: Washington, DC

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Mr. SULLIVAN. Mr. Speaker, I rise in strong support of House Joint Resolution 98, a resolution that would prevent President Obama from raising the debt ceiling by $1.2 trillion.

This is a critical time for our Nation. Over 14 million Americans are unemployed, and our record-setting level of debt is more than $15 trillion. The fact is the Obama administration will not lead on this debt reduction issue. I believe it is critical we send a message that we will not return to the era of continuing to run up the American taxpayers' credit card and endless increases to our Nation's debt limit.

Let's look at President Obama's record. Since assuming office in 2009, President Obama has proposed consecutive budgets that offer more than $1 trillion in deficit spending, the most of any President in our Nation's history. And under the President's budget plans, in 2018 the United States will owe more interest on the debt than will be spent on all defense spending, meaning we will owe more money to our creditors than supporting our national defense. That is crazy.

Congress has a moral obligation to our children and grandchildren to stop the outrageous spending and restore fiscal sanity in Washington to ensure we don't leave them under a mountain of debt. Right now, every American faces $200,000 in financial obligations to pay for our debt, and this is unacceptable. This resolution of disapproval is a good place to start in getting our fiscal house in order, and I urge my colleagues to support it.

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