The American people know that Washington has a spending problem, and
they won't support another increase in the debt limit without meaningful
action to reduce spending and reform government.
The Congressional Budget Office tells us that the federal government will spend $640 billion more than it takes in this year. Over the next 10 years, CBO estimates we will borrow and spend $6.3 trillion more.
The American people know that our deficits and debt are hurting our economy and costing jobs. They want their elected leaders to take meaningful action to reduce spending.
Every major effort to deal with the deficit over the past 30 years has been tied to the debt limit. In 1985, President Reagan signed the Gramm-Rudman-Hollings deficit reduction bill, which included a debt limit increase. When President Bush reached a budget deal with a Democratic Congress in 1990, it included a debt limit increase. President Clinton reached similar agreements with a Democratic majority in 1993 and with a Republican majority on the balanced budget agreement of 1997.
http://www.usatoday.com/story/opinion/2013/09/02/debt-limit-spending-cuts-john-boehner-editorials-debates/2755977/
The Congressional Budget Office tells us that the federal government will spend $640 billion more than it takes in this year. Over the next 10 years, CBO estimates we will borrow and spend $6.3 trillion more.
The American people know that our deficits and debt are hurting our economy and costing jobs. They want their elected leaders to take meaningful action to reduce spending.
Every major effort to deal with the deficit over the past 30 years has been tied to the debt limit. In 1985, President Reagan signed the Gramm-Rudman-Hollings deficit reduction bill, which included a debt limit increase. When President Bush reached a budget deal with a Democratic Congress in 1990, it included a debt limit increase. President Clinton reached similar agreements with a Democratic majority in 1993 and with a Republican majority on the balanced budget agreement of 1997.
http://www.usatoday.com/story/opinion/2013/09/02/debt-limit-spending-cuts-john-boehner-editorials-debates/2755977/
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