Graves Opposes President Obama's Request for Increase in Debt Ceiling

Media release: U.S. Rep. Tom Graves (R-GA-09) issued the following statement after voting for H.J. Res. 98.  The resolution resolves that the House of Representatives, along with the Senate, disapproves of President Obama's exercise of authority to increase the debt limit by $1.2 trillion.  The President's request is the second debt limit increase tranche provided by the Budget Control Act.  It would increase the national debt to a total of $16.394 trillion.   Rep. Graves voted against the Budget Control Act last August.  The national debt currently stands at $15.194 trillion.

"President Obama's spending spree in three short years now accounts for almost one-third of the national debt.  It's the most rapid increase in debt by any U.S. President.   This is a catastrophic record.  The nation's debt level has recently reached disturbing milestone:   It is now as big as the entire US economy.  It's another stark warning that America can't continue spending at the current pace."
 
"Washington still lacks the collective will to see the error of our ways.  The determination to make significant spending cuts still does not exist.  Unless we start making tough choices now on spending cuts, this nation will reach a point where we have no choice.  The choice will be made for America by our debt-holders, and we won't like the result.  The days of living beyond our means and frittering away our children's and grandchildren's futures must come to an end."