On the recordFebruary 4, 2013
America has a spending problem. The numbers don't lie. With the national debt at $16 trillion and climbing, each American's share is more than $50,000. Things only stand to get worse. In fact, Federal spending is now projected to double to 40 percent of GDP in the next three decades. This out-of-control spending is a drag on our economy and a threat to our future. The American people agree. Polls by Gallup, the Winston Group, and Politico last month indicate that Americans overwhelmingly support cutting government spending over raising taxes to address our debt. Despite the facts, President Obama and his fellow Democrats continue to deny we have a spending problem, pointing to more revenue as the answer to our debt crisis. This Congress, House Republicans are committed to working together to find real spending cuts, meaningful reforms of the entitlement programs that are driving us deeper into debt, and a fairer, cleaner Tax Code. We are committed to saving our economy for future generations, and I hope the President and his fellow Democrats will join us. ____________________
