I am deeply concerned about our nation’s fiscal situation and recognize the danger it poses to our economic well-being and national security. Today, out of control federal spending and excessive borrowing poses a serious threat to the long-term stability of the U.S. economy. At a time when strong leadership is needed in the White House, President Obama continues to fail to heed the warnings of economists and the desire of the American people to reduce government spending and balance the budget. With the national debt at over $20 trillion, the consequences of allowing our spending problems to continue to go unresolved are extremely dire. |