A MESSAGE FOR your colleagues in the Senate. Please pass it along:
DO NOT RAISE THE DEBT CEILING!
If you come up against your credit card limit, STOP SPENDING!
Friday, July 1, 2011
THANK YOU FOR contacting me to express your views on federal spending and the debt ceiling. It is good to hear from you.
As a member of the Senate Budget Committee, I am particularly concerned the enormous growth in the deficit and debt. These are the most serious problems facing this and future generations. This historic level of debt creates an environment of uncertainty in the economy that hurts investment and risk taking. The out of control federal spending must be stopped so this enormous burden is not passed on. If we continue to live beyond our means today, we will mortgage the future of our children and grandchildren- lowering their standard of living.
America’s staggering debt and deficit are directly linked to our ability to move the economy and create jobs. Without a serious commitment on our short and long term spending, we cannot create a pro-growth environment that’s necessary for a strong economy. And without stronger economic growth, we cannot hope to emerge from the dangerous overlay of debt. We must both restrain spending and grow the economy to regain footing.
In light of our deep fiscal problems and the current economic challenges facing all Americans, I believe every area of government must be examined for savings. As American families have tightened their belts over the past couple of years and businesses have had to do more with less, the federal government has taken the opposite path, spending more, growing bigger, and becoming more involved in our economy and our lives. This year’s $1.6 trillion deficit and $14 trillion debt are at record levels. Getting our deficit and debt under control is the single most important step we can take to get our economy going and create the jobs we need so badly.
Raising the debt ceiling in order to continue on the path of unsustainable spending would be irresponsible. Any debt limit increase must be accompanied by credible and meaningful debt reduction. Our current fiscal path is likely to plunge the United States in a debt crisis that will erode our children’s futures and for the first time in our history, leave the next generation of Americans worse off than this one.
Once again, thank you for taking the time to write. I am honored to represent you and the great state of Ohio in the United States Senate. For more information, please visit my website at www.portman.senate.gov, where you may also sign up for my newsletter. Please keep in touch.