WASHINGTON DC In the past two and a half years we have increased the debt limit six times adding more than $4 trillion dollars to the government credit limit. Today we increase the limit on the government credit card again but we do nothing to slow the spending. My question is: who is going to pay the bill?"
That was the question Congressman Randy Neugebauer asked rhetorically yesterday after voting against a $1.9 trillion increase in the debt limit.
Said Neugebauer This bill promises more of the same: more debt. Todays vote to increase the debt limit by $1.9 trillion is a giant Ponzi scheme to allow Democrats to continue spending taxpayer dollars and create massive debts for our children and grandchildren to pay.
He added that Our children and grandchildren should not be expected to bear the burden of our spending mistakes or lack of spending control.
To address the underlying spending problem I submitted two amendments to the Rules Committee that the House could have voted on today. My amendments would require enforceable spending caps with debt limit increases.
Unfortunately for the American taxpayers my ideas fell on deaf ears and closed doors. Separately I have also introduced a bill requiring that in the future a
2/3rds majority vote be required to increase the debt limit. This bill has the support of 53 of my colleagues.
We cannot continue to borrow spend and tax our way back to a growing economy. I firmly believe government should empower citizens to succeed in the economy not erode their freedoms and encourage dependency.
This debt increase undermines empowerment by reducing our economic growth and making America dependent on other nations for financing. The necessary road to recovery must be based on the principle of empowering Americans through limited government fiscal and personal responsibility" Neugebauer said.
