Duffy Statement on Debt Ceiling Vote

Statement

"Just like an addict needs rehab, Washington needs reform"

U.S.Congressman Sean Duffy (WI-07), a Member of the House Committee on Financial Services and the Joint Economic Committee, issued the following statement today after voting against the Obama Administration's request for an increase in the national debt limit:

"The very fact that this vote had to be taken today represents a fundamental failure of leadership by the Obama Administration. Instead of facing the debt crisis that threatens the American Dream, President Obama and his party have continued to push crushing spending increases. Absence in crisis is abdication of leadership.

"Over the past two years, President Obama and congressional Democrats produced the largest budget deficits in the history of our country. Basically, they have maxed out our nation's credit card: We have a $14 trillion debt and $53 trillion in unfunded liabilities. Yet after all this borrowing and spending, the economy still hasn't turned around. Unemployment is still too high and the credit rating agency Standard and Poor's (S&P) changed the United States' outlook from stable to negative due to the unsustainable deficits and debt. If the past two years have proven anything, it's that we cannot borrow and spend our way to prosperity.

"President Obama and his party want a blank check for more out-of-control spending. Today, they heard a resounding "NO' from the American People, who are calling for Washington to get serious about our country's debt. Just like an addict needs rehab, Washington needs reform. Before any increase in its debt limit, the federal government needs to fundamentally reform the way it spends the People's money. That's what I'm fighting for, because we're not going to have real economic growth and sustainable jobs until our country stops spending money it does not have on programs that do not work."

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