Reed against new debt limit increase

Jeffery Smith

U.S. Rep. Tom Reed, R-Corning, has sponsored a resolution against President Barack Obama’s plan to increase the U.S. debt limit $1.2 trillion.

The House of Representatives is expected to vote on the bill today.

Reed is the primary sponsor of House Joint Resolution 98, which would formally disapprove of Obama’s recent request for an additional $1.2 trillion in borrowing authority.

The national debt is currently $15.2 trillion. Reed says the president’s request would raise it to $16.4 trillion.

“I am pleased to offer this resolution to disapprove the additional borrowing,” Reed said. “Stopping the endless borrowing on the backs of our children and grandchildren is why I ran for Congress in the first place.”

Reed said each adult and child in the U.S. now has a $48,000 share of the national debt.

“We have a responsibility to future generations to take immediate action,” Reed said. gWe cannot continue compromising our children and grandchildren’s future so that we can spend money today. Enough is enough.”

Reed said the resolution keeps the government’s spending problem in the forefront of the conversation.

“Many want this issue swept under the rug until after Election Day,” Reed said. “We will not let that happen.”