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JONES STATEMENT ON NATIONAL DEBT HITTING $16 TRILLION
WASHINGTON, D.C. – Today the national debt reached $16 trillion. In response, Congressman Walter B. Jones (NC-3) released the following statement:
“This President and this Congress have failed the American people by allowing our national debt to reach $16 trillion. Instead of keeping his promise to cut the national deficit, President Obama has given the American people four straight years of deficits exceeding $1 trillion and an increase in the national debt of $5 trillion, which is the largest amount accrued during one term of any president.”
“America is currently borrowing roughly 40 cents of every dollar it spends, much of it from the Chinese. That is clearly unsustainable. We must get serious about slashing federal spending, starting with the $10 billion a month we’re wasting in Afghanistan and the billions we continue to throw away on foreign aid and other useless overseas spending. It’s time to focus on America first.”
Congressman Jones is the only member of the House of Representatives to have voted against every increase in the debt ceiling over the past 8 years.