Dislcaimer: This press release is a statement provided by the elected official’s office.
(DODGE CITY, KAN.) – On Thursday, President Obama formally notified Congress that the U.S. is within $100 billion of reaching its borrowing authority. This notification was required as part of the debt deal reached in August, and entitles the President to $1.2 trillion more in borrowing authority. The only way the President will not receive this debt limit increase is if the House and Senate agree to a resolution of disapproval. Kansas Congressman Tim Huelskamp, a member of the House Budget Committee, opposed the debt limit deal in August and plans to support the resolution of disapproval that would deny the President the debt limit increase. The House is expected to vote on the resolution of disapproval next week when the House reconvenes.
“The debt deal was a bad deal for America in August and remains a bad deal today,” Congressman Huelskamp said. “It is infuriating that the President will be able to foist another massive debt increase on the backs of future generations, yet he has opposed any measurable spending reductions during his term in office.”
“Anyone who supported this deal back in August but then votes to oppose the debt limit increase this upcoming week should take no credit for standing against reckless spending. The real opportunity to stand for fiscal responsibility was in August.”
“Everyone should be wary of any promises from Washington to borrow now, but cut later. If past is prologue, then few, if any, cuts will actually come to fruition. Any efforts to scale back the required spending cuts should be abandoned. In fact, we should be working the other way, striving to increase the amount by which spending is reduced.”
Congressman Tim Huelskamp is a freshman representing the First District of Kansas. He serves on the House Budget,
Agriculture, and Veterans’ Affairs Committees, and he is a member of the House Republican Study Committee.