Texas Insider Report: WASHINGTON, D.C. “After five years of out-of-control White House spending, including a jobless, trillion-dollar stimulus, now is hardly the time to give the President carte blanche to continue his spending spree,” Sen. John Cornyn after voting against raising the debt ceiling. Cong. Lamar Smith also Voted against raising Debt limit, saying…
“I continue to, and have always supported a Balanced Budget Amendment to the Constitution. American families must balance their checkbooks, and so should the federal government.”
“I voted against raising the debt ceiling because we need sensible reforms to cut down on spending and restrain Washington going forward,” added Cornyn.
“Our debt is currently $17.2 trillion, and will increase to $26 trillion over the next decade if we continue spending beyond our means,” said Smith immediately after voting in the House of Representatives not to raise the debt limit.
“Raising the debt limit without reducing future spending is the road to insolvency. The debt continues to drag down the economy and increase unemployment,” Smith, the Chairman of the House Science, Space & Technology Committee said.
