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Chris Stewart for Congress
February 28, 2013: It’s no secret — Washington has a spending problem. Unfortunately, some of our nation’s leaders don’t understand that we can’t spend more than we take in. Since President Obama took office the federal deficit has been more than $1 trillion a year. For nearly four years, the Democratic controlled Senate has failed to pass a budget, and under President Obama, our nation’s debt is now over $16 trillion.
Sequestration came about as part of the 2011 debt deal, when the President and his team put forth a plan to impose $1.2 trillion in arbitrary, across-the-board spending cuts. Although he was the one that proposed the plan, President Obama admitted during his State of the Union Speech that “Democrats, Republicans, business leaders, and economists have already said that these cuts, known here in Washington as ‘the sequester,’ are a really bad idea”
January 31, 2013: One of the primary reasons I ran for Congress was my commitment to cut our federal spending. We are standing at a tipping point in our history. We must reclaim the moral and fiscal discipline that created the American dream. What we do now will determine what kind of nation and what kind of future we pass on to our children and grandchildren.
When President Obama was elected, our country was about $10.5 trillion in debt. In just four years, that debt has been raised to more than $16 trillion, an amount that is growing every day. To put this in perspective, our nation is like a family making $12.80 an hour, or about $26,000 a year. Yet this family spends more than $36,000 every year. And they have more than $163,000 in credit card debt. Put this way, it is easy to see that our debt is unsustainable. And it’s only getting worse.