Numbers released this week by the Treasury Department paint a grim picture for the financial well-being of our nation. The report showed that the national debt has reached an all-time high of $13.665 trillion. The day President Obama took office, the national debt stood at $10.626 trillion. Unfortunately, there is no sign that this Administration’s reckless spending will let up any time soon.
In fact, projections indicate that by 2012, the fourth year of President Obama’s presidency, the national debt will soar to $16.5 trillion. This Administration’s complete disregard for the impact this spending will have on America’s future is baffling.
With such a staggering national debt, what steps can we possibly take to get spending under control? Here is a start:
- Establish strict budget caps to limit federal spending.
- Reduce spending to 2008 levels – before the bailouts and the stimulus.
- Cancel unspent stimulus funds.
- Repeal and replace the costly Obamacare law.
- Reform the budget process to focus on long-term fiscal health.
- Reduce the size of government by eliminating programs and agencies that are duplicative or are not performing.
It is irresponsible to burden future generations with the detrimental policies of today. Join with me as I continue to fight the reckless spending policies coming from Democrats in Washington.