Diary

The National Debt - How High Can It Go?

In just six months the Obama Administration increased the national debt by $1 trillion — Pretty amazing when you consider that it took our country 206 years to accumulate its first $1 trillion in debt. The Administration continues to bury its head in the sand when it comes to what the American people want. But the rest of the country realizes what the Administration doesn’t: millions of voters on election days across the country are telling the President and Democrats in Congress – stop spending money we don’t have. Previously inactive citizens have been spurred to political activity for one major reason – the massive increases in federal spending that seemingly has no end in sight.

In February, President Obama signed a law promising to do something about the out-of-control increase in government spending. It’s called the “Pay As You Go” Act. The President said when he signed the bill “It says to Congress … You can’t spend a dollar unless you cut a dollar elsewhere.”

Since the President signed “PayGo,” Democrats in Congress have passed about $230 billion in un-paid for new spending. Democrats will tell you it’s for “emergencies.” Well, I wonder if the American people, one in ten of whom is unemployed, would consider $20 billion for highway construction, $54 million for tax breaks for TV and movie production costs and $15 million in aid to the Congo, to be an emergency?

Speaker Pelosi has boasted that on the very first day she became Speaker, they made PayGo the rule of the House.

Strange, but in the three years that she has enforced her PayGo rule, the House has violated it by nearly $1 trillion. Maybe someone should explain to Nancy Pelosi what the PayGo law says. It’s time we stop this cycle of spending that is skyrocketing our national debt.

Cross posted at Dave Camp for Congress