Congress raises the national debt ceiling to $14.3 trillion (that’s over $46,000 per Texan)

February 4, 2010

Today, the Democrats pulled some procedural shenanigans to raise the national debt ceiling by $1.9 trillion to a record $14.3 trillion. The measure passed the Senate last week by a recorded vote—the way it should happen.

“This is the clearest sign yet of the high price this country is paying for the Democrats’ out-of-control spending. Instead of balancing the budget, the Democrats are just piling on debt on future generations. Americans want, need and deserve fiscal responsibility– not spending that is bankrupting this country!” stated Johnson, an ardent fiscal conservative.

Failure to address the growing debt can harm our economic and national security interests given that the Democrats’ spending spree is being financed by the likes of China.

“It may be only a matter of time before our global lenders start calling the shots. If America wishes to retain its status as the most powerful country in the world, we must immediately work to decrease our debt.”

Johnson believes that the Democrats’ tax and spend agenda is the wrong direction for America. Unless the government gets its fiscal house in order, the growing debt will continue to hinder economic recovery.

To put things into perspective:

It has been seven weeks since Democrats voted to increase the debt limit by $290 billion on December 16, 2009. In that time, House Democrats have:

· Passed seven resolutions congratulating sports figures or teams

· Passed 23 resolutions honoring individuals, entities or causes

· Passed five bills naming post offices

· Authorized $50 million to construct a new National Park in the Virgin islands

· Passed 0 bills to reduce spending or lower the deficit.

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