Weekly Capitol Report

Maxed Out: America’s Credit Cards

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Washington, DC, September 15, 2017 | comments

How to be more popular online, what causes my fear of the dentist, angry birds. Does this sound like someone’s Google search history or over $6 million dollars of wasteful government spending? If you guessed spending, you would be correct. A recent report found billions of government dollars wasted on everything from training monkeys to use a treadmill to paying government employees to do nothing.
 
President Obama and his army of liberal bureaucrats added more than $9 TRILLION dollars to our debt. When he was sworn in on January 20, 2009, the debt was $10.626 trillion. On January 20, 2017, it was $19.947 trillion.
 
Yearly federal tax collections currently amount to $3.3 trillion a year. Unfortunately, your government sees it fit to spend more than $4 trillion a year. Such an imbalance is not only unsustainable, it’s downright dangerous. Just this week we got the terrible news that the U.S. debt has now topped $20 TRILLION DOLLARS. That’s more than $61,000 per person, more than most families make in a year. With the United States’ debt, you could wrap $1 bills around the Earth 77,362 times or, if you stacked them on top of each other, get to the moon and back twice!
 
Imagine you make $33,000 a year, but you spend $40,000. Your credit card is out of control, you owe more than $200,000 dollars, but you’re still asking the bank to lend you more money. That’s a big hole to dig yourself out of, especially if you’re not changing your spending habits. Americans have a real problem because this is exactly what our government is doing.
 
Washington is spending without stopping and with complete disregard to the burden of debt they are leaving Missouri’s children and grandchildren. Last week, I voted NO on a bill that continues to let Washington’s reckless spending habits go on without putting any type of reforms in place to reel in out of control government spending. This vote definitely does not make me the most popular guy in D.C., but with the liability of our national debt weighing heavily on Missouri families, I could not vote to let that burden keep increasing. Bottom line, if we are going to spend money in one place, we need to make sure we are cutting back in others.
 
Politicians who want to increase the government’s ability to borrow money without making changes to how we spend money is like a family back home in Missouri going to their local bank and asking for a loan with no money down, no repayment plan, and no strings attached. There is not a banker in Missouri who would make that loan. Yet, that is what is happening in Washington.
 
Like all of the hardworking families in Missouri, the federal government must start living within their means. Only in Washington would the solution to a $20 trillion-dollar national debt be to increase the amount we borrow without a plan to pay it back. It’s time to cut up the credit cards and start living within our financial means.

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