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Raising The Statutory Limit On The National Debt Is Bad Policy

Floor Speech

Date: Oct. 26, 2009
Location: Washington D.C.
Issues: Government Budget and Spending

Raising The Statutory Limit On The National Debt Is Bad Policy

Mr. BOOZMAN. Mr. Speaker, I rise today to express my concern for raising the national debt limit.

Last week, the U.S. Department of the Treasury reported that 2009 was the worst fiscal year in our country's history. This shouldn't be a surprise considering the amount of hard-earned taxpayer dollars that Washington has been spending at a record-setting pace. The massive stimulus bill that I opposed in February increased the national debt by $925 billion to $12.1 trillion.

I am extremely troubled by the recent media reports that show leaders of the majority party saying that the national debt limit has to be raised again, and soon. Mr. Speaker, we cannot spend and borrow our way to prosperity.

I have heard the anger of the American people and my constituents, and they aren't supportive of any more debt increases. I voted against this earlier this year, and I remain opposed to increasing the debt limit. If anything, Washington needs to decrease the debt limit and practice fiscal responsibility now.


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