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Walberg Weekly Wrap-Up: Nation`s Debt Hits $16 Trillion

Statement

By:
Date:
Location: Unknown

Dear Friends,

Earlier this week the national debt topped $16 trillion for the first time ever. That means every man, woman and child would owe nearly $51,000 each. It also marked a more than 50 percent increase in debt since the president took office in 2009.

For the first time in history, the next generation could be less prosperous and have fewer opportunities than their parents. We cannot allow this to happen.

Instead, we need to have a fiscally responsible budget to address long-term debt. While the president and Senate have failed to lead on this issue, the House has been busy passing two budgets and capping spending at below 20% of the U.S. economy. In contrast, the Senate hasn't passed a budget since April 2009 and the president's proposed budget failed 414-0 in the House and 99-0 in Senate earlier this year.

Hard-working Michigan families on tight budgets find ways to cut their spending, not add to it. We can only expect they would want their government to do the same. I remain committed to reducing government spending and protecting our kids and grandkids from having to pay our debt later.


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