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Thursday, July 14, 2011

postheadericon Washington must listen to Americans, face debt crisis

If we divided the debt we accumulate in just one year among everyone in Las Cruces, the largest city in New Mexico's Second Congressional District, every person would owe $13.5 million. The American people deserve better -- it is time for Congress to take responsibility and face our debt crisis. For too long, the federal government has chosen to repeatedly raise the debt limit, sending the bill to our children and grandchildren. Our national debt is crippling our ability to compete internationally, is stifling our job growth, and is pushing us to the brink of economic collapse.

Our credit is already faltering. Moody's and Standard & Poor's have said that they could soon consider downgrading the U.S. government's credit rating if our deficits are not addressed. China will not continue to loan us money forever, and we can't afford the bills we've already built up.

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