House Votes to Stop Increasing Federal Debt



 

For the second time in five months, the U.S. House has passed a resolution disapproving a Debt Ceiling Limit Increase. H.J. Res. 98 disapproves of President Obama increasing our nation’s statutory debt limit by 1.2-trillion dollars. The vote was along party lines. Frank Lucas, Chairman of the House Agriculture Committee, says - we cannot continue down this path of reckless spending in Washington.


Lucas says - Americans are constantly finding ways to balance their checkbooks and live within their means, and it is time for the federal government to do the same. Currently the nation’s debt is greater than the value of the entire U.S. economy. The Senate is expected to vote on its own resolution of disapproval next week. But, it’s expected to fail.


Lucas challenged leaders in Washington to - come up with real common sense solutions for dealing with this enormous debt problem. We need to make serious cuts in government spending and stop allowing President Obama to borrow more money from the federal government.


Filed Under :  
Topics: Business_FinancePolitics
Social:
Locations: Washington
People: Frank LucasObama




Archive

Listener Club


Register here to become a member of our Loyal Listener Club!

Listener Club Links


Register / Login
Archive