Debt Ceiling

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John Ratcliffe Responds to Debt Ceiling Vote

US Rep. John Ratcliffe, TX 4th Congressional District

Press Release: Former U.S. Attorney John Ratcliffe has issued the following statement in response to the recent House vote on the debt ceiling:
Last night, the House of Representatives passed yet another increase to our nation’s debt ceiling – this time authorizing unlimited borrowing until March 2015. This comes on the heels of a recent CBO report which projects the cumulative deficit over the next decade to be even $1 trillion greater than previously expected. When will Washington finally get serious about stopping the out-of-control spending? Every child born into this world now enters with $55,000 of debt to his or her name, yet politicians continue to kick the can down the road as they refuse to make tough decisions. The irresponsibility can end one of two ways – either through a European-style debt crisis that ends America’s status as an economic superpower, or through leadership. Continue Reading →

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