On Tuesday, the U.S. National Debt climbed over $16 trillion. Our debt has exploded by 50% over the past 44 months to this amount because of unprecedented spending increases and failed stimulus spending enacted by the Democrat-led 111th Congress during 2009-2010, and by the Senate's refusal to pass a federal budget for over three years. On the other hand, House Republicans of the 112th Congress have put forth solutions to get Washington's spending and debt under control; yet the Senate and president refuse to act on these common sense solutions. The House-passed Path to Prosperity Budget sets forth a blueprint to reduce debt as a share of the economy and to ultimately pay off our Federal debt over time.
Congress has a responsibility to our nation and future generations to reform federal government spending before the oncoming federal debt crisis cripples the futures of our families and the American economy. Now, more than ever, the Senate and the president need to make lowering our national debt a priority so that we can restore America's promise, prosperity, security, and exceptionalism for our children and grandchildren.