Blog Archive

Blog Archive

Thursday, August 18, 2011

postheadericon Spending cuts & long-term deficit reduction

Congress raising the debt limit has been routine for way too long. This practice is a big part of why America is facing an economic and debt crisis. I am working to change Congress’ bad routines and implement practices that are fiscally responsible so we can get our financial house in order and allow our economy to recover.

In April, President Obama asked Congress to do what it has always done and pass a “clean” debt limit increase. However, as a result of this routine, the past decade saw the national debt more than double from $5.6 trillion to $14.3 trillion with no significant debt-reduction bills attached to any of its 10 debt-limit increases. This way of doing business is over.

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