On the recordJuly 14, 2010
For the past 18 months, the leadership in the House has ignored the impending fiscal crisis, acting like they know best and that the economy would recover if we simply spent more money. They're wrong. And today, I'd like to remind them of one number that should get their attention: $166 billion. A few years ago, that was more than the annual budget deficit. Now, that's how much the debt increased on June 30 alone. The President's fiscal commission said this debt is a cancer "that will destroy the country from within." As a daughter of two cancer survivors, those words are strong. But as a CPA that knows how debilitating debt can be, I couldn't agree more. It's time for the majority to stop ignoring reality. It's time to stop the reckless spending and get the $13.2 trillion debt under control.
