Congressman Lamar Smith (R-Texas) issued the below statement following tonight's vote in the House of Representatives to raise the debt limit.
Rep. Smith: "Our debt is currently $17.2 trillion and will increase to $26 trillion over the next decade if we continue spending beyond our means.
"Raising the debt limit without reducing future spending is the road to insolvency. The debt continues to drag down the economy and increase unemployment.
"American families must balance their checkbooks, so should the government. I continue to support a balanced budget amendment to the Constitution."