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Sen. Moran on Debt Limit: Enough is Enough - KOAM TV 7

Sen. Moran on Debt Limit: Enough is Enough

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NEWS RELEASE ISSUED FEBRUARY 11, 2014 BY THE OFFICE OF U.S. SENATOR JERRY MORAN (KAN.)

Sen. Moran on Debt Limit: Enough is Enough

"President Obama has once again asked Congress to abdicate responsibility and raise the debt limit without a serious plan to reduce our debt. Enough is enough. I will not vote to increase the debt limit. I cannot support continuing the pattern of fiscal irresponsibility that has become the norm in Washington."

WASHINGTON, D.C. – U.S. Senator Jerry Moran (R-Kan.) today issued the statement below following the U.S. House of Representatives' passage of a "clean" increase of the debt limit from its current $17.3 trillion level:

"The debt limit serves an important purpose. Congress's borrowing power is firmly rooted in our Constitution, and the debt limit is Congress's most important tool to force action on reining in our soaring national debt. Unfortunately, President Obama has once again asked Congress to abdicate responsibility and raise the debt limit without a serious plan to reduce our national debt. Enough is enough. I will not vote to increase the debt limit. I cannot support continuing the pattern of fiscal irresponsibility that has become the norm in Washington.

"This is the eighth time the President has asked Congress to raise the debt limit. The nonpartisan Congressional Budget Office now projects that by the end of his second term, President Obama will have seen the national debt increase by about $8.5 trillion. Some say it is irresponsible to not raise the debt ceiling, but in my view it's irresponsible to raise the debt ceiling without serious changes to the way Washington spends money.

"When Kansas families and businesses reach their credit limit, they don't get an automatic increase to keep on spending. They cut back and adjust their budget. Each time Congress raises the debt ceiling without substantial reductions in spending, it is a dangerous threat ton job creation, economic growth and our children's ability to pursue the American Dream. The time to correct our failures is now. The consequences of failing to tackle our debt crisis will be far greater than failing to raise the debt ceiling."

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