Congressman Marlin Stutzman (IN-03), a member of the House Budget Committee, issued the following statement today after the United States Treasury Department announced the national debt has now surpassed $16 trillion.
"President Obama told Hoosiers that he would cut the deficit in half but, instead of following through on that promise, his policies have added more than $5 trillion to the debt," said Stutzman. "Despite credit downgrades, bipartisan warnings, and now $16 trillion of debt, the White House has consistently failed to offer a credible solution to this country's economic crisis. My colleagues and I on the Budget Committee have offered an alternative to the President's plan of runaway spending, tax hikes, and uncertainty. We'll keep offering solutions to reduce the debt, lower taxes on families, and give small businesses the confidence to create jobs again."