America’s Economic Future
by John Culberson on October 10, 2013 at 5:00 PM
House conservatives are united in our determination to cut federal spending and stop the out-of-control expansion of our national debt. Unfortunately, for the first time in our history, the president and his political followers do not respect our Constitution’s structural separation of powers, and they are refusing to negotiate with the House of Representatives.
President Obama and Senator Reid have rejected every compromise we have sent them, and their only response is to say they will not negotiate on anything until the House unconditionally surrenders and agrees to 100 percent of their demands. What are they asking us to do? They want an immediate, no-strings-attached $1 trillion increase in the debt ceiling, and they want a “clean CR” which means they want to continue spending our hard earned tax dollars with no restrictions or guidelines from Congress. At his most recent press conference, President Obama actually said that “raising the debt ceiling does not increase the national debt by one dime.” Most Americans know that raising the debt ceiling allows us to spend more money when spending is the real problem.
This debate vividly illustrates the fundamental difference between conservatives and liberals. It is unthinkable for me to let liberals continue to spend borrowed money and then send the bill to our children and grandchildren. My hero, Thomas Jefferson, often said it was the duty of every generation to pay its debts in full, and that we should never burden our children with debt we incurred. The Chairman of the Joint Chiefs of Staff has also said the greatest strategic threat facing our nation is the national debt, which is now approaching $17 trillion. Our GDP is approximately $14 trillion, and the unfunded liabilities of Social Security, Medicare, and all the other social safety net programs exceed $85 trillion. The Federal Reserve is creating trillions of dollars out of thin air to buy US Treasury debt and mortgage backed securities, and the bill for all of this will crush our children and grandchildren. Yet liberals believe the solution is to raise the credit card limit—try that with your bank when your spending exceeds your income. The president is setting us up for long-term economic failure.
On top of that, Obamacare is a disaster that will destroy the greatest health care system the world has ever known, and it is an unprecedented expansion of a broken social safety net system. But this fight is much bigger than just slowing down or stopping Obamacare. I will do everything in my power to protect America from bankruptcy and economic collapse. I will not help President Obama transform the United States into a welfare state, and I will fight to restore the America I know and love that our Founders built and our military fights to protect.
It is that simple.
You have entrusted me with the extraordinary privilege of representing west Houston in the United States Congress, and I do not take this responsibility lightly. At this critical moment in our history, it is important that we prevent America’s economic collapse and get this country back on track to a sound fiscal future. I will not falter or weaken in fulfilling my oath to preserve, protect, and defend the Constitution.