Opposing Obama's Debt Limit Increase

U.S. Sen. Jim Inhofe (R-Okla.), a leading Senate fiscal conservative, today will register is disapproval of the debt limit increase being sought by President Obama.

Inhofe: "This is not a unique theme here in Washington. In the last three years spending has spiraled out of control, and I think what people do not understand is that it's because of one person: President Obama."

"In all, it is estimated that this President will have presided over $14 trillion in spending by the end of this year. By then, our national debt is expected to be over $16.3 trillion, making this President accountable for increasing the national debt by nearly $6 trillion, which is more than every single President between George Washington and George W. Bush combined."

"Today I'm rising in support the resolution of disapproval of the President's request to increase the debt limit another time. I know that this resolution has no chance of passing the Senate with the current majority, but I think it's important to point out that we are nowhere close to finding fiscal solvency today than we were a year ago. And we're certainly no closer than we were during the President's first State of the Union address, where he promised to cut federal deficits in half by the end of his first term."

"Before I will agree to another increase in the debt limit, it must be accompanied by reforms that actually reduce spending to levels that put our nation on a fiscally sound track. To accomplish this, one of the first things we should do is repeal Obamacare. As I already mentioned, that law is a fiscal nightmare and it hasn't even really started yet. We also need to look at our other entitlement programs and reform them in a way that strengthens them for the future."

Category:

News & Politics

Tags:

• Inhofe
• Obama
• Debt Limit
• Fiscal Policy
• Government Spending
• Washington
• Congress

[44bobio]

Idiot cries about spending to much but publicly opposes cuts to military, which is where the biggest increases have been over the last 10 years.

[ptangboy]

I think the U.S. spends a little too much on military. Im usually in agreement with Inhofe and I am with most of what he says here but not that. I dont remember the figures but I once saw the yearly expenditure on military, arms, etc and it was astronomical. I mean your on a continent where you totally protected, Canada wont attack you, Mexico wont attack you, your almost untouchable, at least in the sense of open war. It seems Inhofe would rather cut Obamacare in order to maintain military