Many of those voted in as Tea Party candidates to shrink the size of government rejected the mandate and caved in to pressure, voting to raise the debt ceiling. Michelle Bachmann didn't, and explains her reason for not doing so.
Washington needs fundamental changes to the way it spends taxpayer dollars. Never has this kind of change been more urgent than now, when the federal government is running a deficit of $14.3 trillion. Right now, every household in America bears a burden of $130,000, and every individual owes $46,600.
Even with these incredible numbers, President Obama is still calling for an increase in the debt limit, which equates to more borrowing from our future generations.
Because I know that government spending is no different from spending by individuals, families, or businesses, I remained firmly opposed to raising the debt limit. No entity can borrow indefinitely, spending money it doesn’t have, without paying it back.
President Obama has also proposed raising taxes as a way around our debt crisis. But it is important to remember that tax hikes will only hurt America’s small businesses and stifle job creation. This is at a time when unemployment across the nation stands at an unacceptable 9.2 percent. More taxes give Washington more time to delay reform of its scores of wasteful programs and agencies.
It is an outrage that hardworking and responsible Americans are being shackled with the debts from bloated spending by our federal government. It is time for Washington to break the habit and get its fiscal house in order.
Bachmann was also on Hannity recently explaining her vote against raising the debt ceiling.
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