Texas Insider Report: WASHINGTON D.C. Mister President it should be clear by now that Republicans will not grant you an unconditional increase in Americas debt.
Any increase in the debt limit must be accompanied by even larger cuts in spending and limits on future spending. And for those of us still concerned about the economy the clearest signal we can send anxious consumers and Americas job creators is that Congress is going to put Americas financial house back in order."
Congressman Kevin Brady (R-Texas) after H.R. 1954 To Implement the Presidents Request to Increase the Statutory Limit on the Public Debt" failed by a 97 - 318 vote. H.R. 1954 would have increased the U.S.s ability to borrow from $14.294 trillion $16.7 trillion with no spending cuts or limits on future federal spending.
Congressman Brady is a Sr. Member of the House Ways & Means Committee who serves as the top Republican on the Joint Economic Committee of Congress.
