The Hill News

For months Congress and the administration have debated how to end our debt crisis with long-term spending reforms and avoid defaulting on our country’s obligations.  While some cling to the notion that we can tax, borrow and spend our way to prosperity, this path is unsustainable, and the American people want serious spending cuts and reform. 

The government spends more than it takes in, and this is the reason for our debt crisis.  While we cannot go back and rescind money that has already been spent â€" like the near trillion-dollar “stimulus” bill â€" that added to our ever-growing national deficit, we can cap future spending and reform programs on autopilot to achieve savings now that will compound over the next decade.

However, our future prosperity and our national security are threatened if we continue this cycle of taxing, borrowing and spending.  We are not in this crisis because we fail to tax the American people enough â€" we are in! this crisis because we spend too much. 

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