Rep. LaMalfa Visits Bureau of Public Debt

Statement

Rep. Doug LaMalfa (R-CA) today visited the Bureau of Public Debt, where US Treasury securities are auctioned off to fund the federal government's borrowing. LaMalfa toured the departments which facilitate billions of dollars of borrowing a day to support the Obama administration's trillions in new debt.

"At about four billion dollars per day, the speed at which our nation is borrowing money is simply astounding. Today I saw government workers literally increasing the public debt as fast as possible, adding to the burden that our children and grandchildren will be forced to repay," said LaMalfa. "As the President prepares to release his budget tomorrow, a plan which never balances, today's visit was a stark reminder that the government's rate of spending is simply unsustainable."

Source