Another Year, Another Trillion in Debt

Rep. Jim Jordan (R-OH), Chairman, Republican Study Committee: Over the last 12 months, the federal government spent about $1.3 trillion that it didn’t have. That makes three straight years with trillion-dollar deficits – the three largest deficits in history. And even as federal spending accounted for almost a quarter of GDP, our economy continues to struggle.

Republicans have worked all year long to cut spending and get back on track to a balanced budget. The RSC budget proposal, for instance, would balance the books in nine years. Unfortunately, liberals continue to stand in the way of significant cuts to wasteful spending.

Senate Democrats have now gone 888 days without producing any budget at all. The failure of politicians to limit the size and appetite of the federal government is a direct cause of our current debt problems. To fix the problem permanently, it’s clear we need a Balanced Budget Amendment that forces Washington to kick its spending addiction. Families and businesses have to live within their means, why shouldn’t Washington?
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The House Republican Study Committee (RSC) is group of 175 House Republicans organized for the purpose of advancing a conservative social and economic agenda in the House of Representatives. The Republican Study Committee is dedicated to a limited and Constitutional role for the federal government, a strong national defense, the protection of individual and property rights, and the preservation of traditional family values.

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Tags: Jim Jordan, U.S. House, RSC, Republican Study Committee, Federal government, more debt, debt, balanced budget amendment, republicans, democrats To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!