Duncan Votes Against Debt Ceiling Increase
WASHINGTON – Congressman John J. Duncan, Jr. (R-Tenn.) released the following statement Tuesday following passage of a debt limit increase by the House of Representatives:
When I first came to Congress, the national debt was around $3 trillion, and I thought that was way too high. Now, the non-partisan Congressional Budget office estimates in less than ten years, we will be paying more than $800 billion a year just in interest payments on the debt. If we allow that to happen we could only afford to pay for defense, transportation, education, healthcare, or interest on the debt and nothing else.
If other Members of Congress had voted the way I have, we would have very little debt at all if any and this Country would be booming beyond belief. I could not vote to raise the debt ceiling and continue this reckless path.
I used to say it is terrible what we are doing to our children and grandchildren, but I have changed that to say it is terrible what we are doing to ourselves. In just a few years we will not have enough money to pay for all the promises we have made to our people with money that will be worth anything. It is time for this Country to start living within its means like American families and most of the states do.