Congressman Denham Statement on U.S. Debt Reaching $16 Trillion

Sep 5, 2012 Issues: Economy and Jobs

WASHINGTON – U.S. Representative Jeff Denham (R-Turlock) issued the following statement today in response to the U.S. national debt surpassing $16 trillion for the first time in American history:

“After four years of trillion dollar deficits, and with our country’s national debt now exceeding $16 trillion, Americans need now more than ever Washington to start living within its means instead of borrowing trillions of dollars off the backs of future generations.  We need to come together and enact serious, common-sense reforms, because until such time, our debt will only continue to paralyze our economy and jeopardize the future prosperity of our nation. We need pro-growth tax reform, we need to return certainty to Americans and job creators alike, and we need to strengthen and secure Medicare and other critical entitlement programs.  Now is the time for accountability in Washington.”