Tonight, I look forward to hearing President Obama’s plan for a spending freeze in Washington. Unfortunately, at the same time he is touting his newfound fiscal conservatism, he is also pushing Congress to pass a $1.9 trillion increase in the national debt limit. Since taking control of Congress, Democrats have expanded our national debt by 42% and raised the debt limit five times since September 2007.
Today, the individual share of the national debt for every woman, man, and child in the U.S is $39,870. This debt is almost entirely comprised of new spending that our children and grandchildren will be forced to repay with interest. I believe it is time to stop spending our children’s future. As Thomas Jefferson prophetically observed, “Loading the nation with debt and leaving it for the following generations to pay is morally irresponsible.”
As a staunch fiscal conservative, I have consistently opposed spending increases regardless of who occupied the Oval Office and will continue to do so again this year. The federal government must learn to live within its means – just like American families. It is time to let Americans keep more of what they earn and for the government to spend less. I believe that in taking these steps, our economy will experience the growth and prosperity that have defined America for generations.