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Debt Hits $13,000,000,000,000, $42K for Every American

The national debt officially passed $13,000,000,000,000 this week, which “works out to an obligation of more than $42,000 for every U.S. resident” according to the Washington Times. And as Democrats continue to add to the debt, the unemployment rate remains in double-digits here in Ohio. How many Ohioans do you think have an extra $42,000 to pay for Washington’s wasteful spending?

Democrats talk a good game about fiscal responsibility but have no budget and no plan whatsoever to cut government spending and get control of the debt. Republicans do. And Congressman Boehner is leading the charge.

With more than 200 economists urging Congress to cut spending in order to create new jobs, Boehner is fighting to:

>> Impose strict, binding caps on all federal spending to “force Congress to sit down, go through the budget line-by-line, and make tough decisions”;

>> Shut down TARP and using the remaining funds for deficit reduction;

>> Freeze all non-defense, non-veterans’ health care spending for five years, and then allow it grow modestly after that;

>> Stop the bailouts and reform Fannie Mae & Freddie Mac, the root cause of our financial crisis;

>>Start cutting spending now by using the president’s rescissions authority; and more.

On Boehner’s watch, Republicans have also adopted a unilateral ban all earmarks, the pork-barrel spending that hurts local communities and hampers job growth. Hot Air Blog has more on the Republican proposals for cutting spending now.

While Boehner is a long-time opponent of excessive spending, he acknowledges that Republicans spent too much last time they ran Congress. The Wall Street Journal says “Republicans lost their majority in part because they lost their way on spending,” but …

“But since Mrs. Pelosi became speaker in 2007, the national debt has risen by more than $3.5 trillion. Democrats have placed America on a path to borrow an average of $1 trillion a year for the next decade, which is more than was borrowed from 1776 to 2000.”

The simple fact is that even when Republicans voted to curb spending, Democrats objected and pushed to spend more. They opposed measures like the Deficit Reduction Act that slowed the growth of entitlement programs, and since taking control of Congress, Democrats have taken their appetite for more spending, taxing, and borrowing to a whole new level. Enough is enough.

Under Boehner’s leadership, Republicans have gotten back to basics and fought to curb government spending, get control of the debt, and help small businesses create new jobs. If you’d like to join Boehner’s fight for reform, click here and become a Boehner Campaigner today!

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One Response to “Debt Hits $13,000,000,000,000, $42K for Every American”

  1. Dear Mr. Boehner,

    I so agree with all you are standing for and fighting for. What I do not understand is with so many who feel this way, why are we unable to stop the insanity??? I am sure you hear what Americans are saying. We feel helpless. I also understand that we must work within the system to make the changes we desire.

    I live in CO and we are fighting for some conservative representation in Washington. Know that this will be one of the most important voting years we will ever see. Thank you for your tenacity and your desire to get us back on track and accopmlish all the things you listed in your letter.

    There are other areas of tyranny and treason that need to be made right as well. What about Israel? Obama has betrayed them. what now?

    Thank you for an opporunity to speak.
    Sincerely,
    Pam Schoemig

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