WASHINGTON – Congressman Leonard Lance (NJ-07) who is a leading voice in Congress for reducing our national debt recently added the “U.S. Debt Clock” to his congressional website in order to raise greater awareness to our nation’s ever-growing national debt. Currently, the national debt stands at more than $11.8 trillion — about $38,432 per citizen.

“Too few Americans realize the level of debt that this country is accumulating,” said Lance. “Out of control spending on bank bailouts, Detroit rescues and stimulus plans is costing trillions of dollars in borrowing for the government.

“Yet despite this the majority party in Washington continues to push ahead with an agenda that taxes, spends and borrows — including a health care reform proposal which could cost as much as $800 billion to $1 trillion over the next decade. We cannot continue this current unsustainable path of spending, deficits and debt.”

For his part, Congressman Lance is working hard to bring fiscally responsibility to Washington:

• Lance voted against $1 trillion stimulus package. Supported alternative plan that would have created twice the jobs at half the cost.
• Lance twice voted against President Obama’s $3.6 trillion budget plan.
• Lance opposed the 9,000-earmark omnibus spending measure.
• Lance has voted to cut billions from annual federal spending legislation.
• Lance voted against the 2009 $350 billion TARP bailout bill. Supports using returned TARP funds for debt reduction.
• Lance twice opposed raising the federal debt ceiling from $9.815 trillion to $13.029 trillion — a more than $3.2 trillion increase.

The U.S. Debt Clock can be found at lance.house.gov.

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