Members of Congress must be better stewards of our tax dollars. The federal government cannot continue to spend money we don't have. We have a $14 trillion debt and are borrowing an average of 42 cents on the dollar. If we do not rein in the out-of-control spending, the historic debt will lead to job-killing tax increases. In August, in part due to Congress' inability to pass a budget that would stabilize our current debt levels, our credit rating was downgraded from AAA to AA+. This is the first time in history that the United States has lost its top-ranked credit rating from a major agency.
The American people are striving to balance their budgets and to live within their means. It is time the federal government does the same thing.