On the recordJuly 19, 2011
I thank the gentleman for yielding. Mr. Speaker, today I rise in support of H.R. 2560. We are in a spending-driven debt crisis that continues to stall job creation, passes a crushing financial burden on to our children, and affecting all Fifth District Virginians. Since President Obama took office, our national debt has increased by $3.7 trillion, raising our current total debt to an unacceptable $14 trillion. Now, after 2\1/2\ years of reckless spending, the President is asking that we raise the debt ceiling once again. But we have yet to see any concrete plan from this administration to help rein in the out-of-control government spending that has brought us to the brink of a debt crisis. So the House is once again leading in delivering on the message sent by the people of Virginia's Fifth District to change the culture in Washington and end the government spending spree by putting forth a commonsense proposal that will cut, cap, and balance Federal spending and force Washington to live within its means. Now is the time to put in place effective spending reforms to reduce our debt and deficits, return certainty to the marketplace, and preserve the American Dream for our children and grandchildren.
