Boehner: $16 Trillion Debt is “Yet Another Indication That the President's Policies Have Made Things Worse"
The U.S. national debt is now officially more than $16 trillion, which equates to more than $50,000 for every man, woman and child in America, NPR reports. In a statement, Congressman Boehner called the debt, which has increased more under President Obama than any other President, a “sad reminder of President Obama’s promise to cut the deficit in half.”
Yahoo News has more:
"’This debt is a drain on our economy and a crushing burden on our kids and grandkids, and it's yet another indication that the president's policies have made things worse,’ Boehner said in a written statement…
"’To tackle the debt in a meaningful way and help our economy grow, we need pro-growth tax reform, and we need to strengthen and secure Medicare and other critical entitlement programs,’ said Boehner. ‘Unfortunately, President Obama hasn't had the courage to join us in working on these common sense reforms.’"
Congressman Boehner and House Republicans have taken important steps over the past two years to stop our government from spending money it doesn’t have, including cutting the House’s own budget, banning earmarks and passing a federal budget that cuts spending $5 trillion over the next decade while saving critical health and retirement programs from bankruptcy, but President Obama and Senate Democrats refuse to let go of their failed “stimulus” spending spree that has helped add $5 trillion to the debt and left more than 23 million Americans asking "where are the jobs?"
Instead, President Obama offered a budget this year that called for raising taxes on small businesses to pay for more spending, and cutting more than $700 billion from Medicare to pay for ObamaCare – all while doing nothing to address the true drivers of our spending-driven debt. It was about as serious as the budgets President Obama put forward in previous years while racking up three of the largest deficits in U.S. history, and it failed in Congress by a vote of 513-0. It’s an embarrassment that can only be rivaled by the Democratic-controlled Senate, which has failed to pass a budget in more than three years.
Democrats may not be willing to put a stop to their reckless spending that is hurting the economy and saddling future generations with job-crushing debt, but Americans know all this “stimulus” spending is just one reason why President Obama's agenda isn't working, and why they aren't better off than four years ago.
In nearly 60 days, voters will have a chance to go to the polls and elect leaders to join Congressman Boehner in working to create a better environment for private-sector job growth. As Boehner said, that will start with efforts to begin tackling the debt with pro-growth tax reform, and entitlement reform to strengthen critical programs like Medicare.