House to Condemn Obama’s Increasing Debt to nearly 17 TRILLION Dollars

Incredibly, in just one term, Barack Obama has increased the national debt by a rate which is over double that of President George W. Bush.   Obama is projected to increase the federal debt by 23.5% which is more than President Bush’s increase in the debt over his 8 years in office.  Now, Obama is demanding that Congress further increase the national debt by a whopping $1.2 TRILLION.  

The federal debt in currently over $15.2 trillion.  When Obama is finished with his anticipated one term after his abominable and wasteful spending  --  ObamaCare, trillion dollar stimulus, bailouts of corporations, etc.  --  the federal debt will be close to an unthinkable 17 TRILLION dollars.

Thankfully, the Republican-controlled House of Representatives is stepping up to the plate and condemning Obama for his profligate spending and his demand that he be allowed to increase the debt limit and spend another gigantic $1.5 trillion.  Here is the official description of the bill from the Republican leader’s office:    H.J.Res. 98 - Relating to the disapproval of the President’s exercise of authority to increase the debt limit, as submitted under section 3101A of title 31, United States Code, on January 12, 2012 (Subject to a Rule) (Sponsored by Rep. Tom Reed / Ways and Means Committee)

Note the following from the 180-member strong conservative Republican Study Committee in the United States House of Representatives regarding the House Resolution, H. J. Res. 98, authored by Congressman Tom Reed, R-NY, disapproving of Barack Obama’s request to increase the debt-limit by a whopping $1.2 trillion:    

RSC: Cosponsor the Debt-Limit Increase Disapproval Resolution

Today, during the pro forma session, RSC Member Tom Reed of New York introduced the resolution disapproving of the President’s latest request for a debt-limit increase (H.J.Res. 98).  We’d of course encourage as many RSC Members as possible to co-sponsor this important resolution.  See more information below. 

Paul S. Teller
Executive Director
U.S. House Republican Study Committee (RSC)
Office of Rep. Jim Jordan (R-OH), Chairman

 

 

CO-SPONSOR JOINT RESOLUTION OF DISAPPROVAL OF PRESIDENT’S DEBT LIMIT INCREASE

ENSURE CONTINUED COMMITMENT TO FISCAL RESPONSIBILITY, NOT MORE DEFICIT SPENDING


Dear Colleague,

In August, Congress passed the Budget Control Act of 2011 (BCA) – legislation which averted the debt crisis and began to make the significant changes necessary that will put us on a path to restoring fiscal responsibility.  While this bill was far from the perfect solution, it advanced the Republican principles of spending cuts, enforceable caps, and a requirement to vote on a Balanced Budget Amendment to the Constitution.

As we begin the Second Session of the 112th Congress, we return motivated by feedback from our constituents demanding that we redouble our efforts to bring the era of reckless, out-of-control spending binges to a halt. Thus, I believe it valuable for us to reaffirm these priorities, particularly given the failure of the Joint Select Committee on Deficit Reduction to reach an agreement on up to $1.5 trillion of future savings.

As the President has just requested the second and final increase in the debt limit available under the BCA, it is our opportunity to consider a Resolution of Disapproval.  Given that since the passage of the BCA, there has been no serious effort on the part of the Administration to lead on the issue of debt reduction, I believe it is critical we send the message that we will not return to an era of continuing to run up the American taxpayer’s credit card, and endless increases to the nation’s debt limit.

I ask you to join with me by co-sponsoring this Resolution so that we send a clear message to the American people that Republicans in Congress are listening.  Our nation’s best days are still in front of us – but only if we remain committed to our principle of restoring fiscal responsibility. Should you wish to co-sponsor or have questions, please contact Steve Pfrang on my staff…”

Sincerely,

Tom Reed

 
                                                                                                                                                 Tom (Congressman) Tom Reed