Hensarling Statement on Funding Debate
WASHINGTON–U.S. Congressman Jeb Hensarling (TX-5) released the following statement after lawmakers voted on a funding bill.
“I voted again earlier this week to fully fund our military and I understand the urgent need to strengthen our national defense. But Congressional Democrats have held our military hostage through the appropriations process. Regrettably, Congressional Republicans have agreed to pay the ransom to release them today. Although I understand our leadership felt they had no other choice, I believe it is a monumental mistake and a sad day.
“By eviscerating the 2011 budget caps and agreeing to a debt ceiling increase with zero spending reforms, I feel Republicans are allowing the removal of what little spending discipline remains in Washington. With rising interest rates and baby boomers continuing to pressure our entitlement programs, there are now trillion dollar deficits as far as the eye can see.
“There is a true spending-driven debt crisis in America. It is the greatest existential threat to our country that receives little to no attention in Washington.
“When the debt was $17 trillion, Chairman of the Joint Chiefs of Staff Admiral Mike Mullen said, ‘the most significant threat to our national security is our debt.’ Now that number is $20 trillion with no sign of stopping.
“$20 trillion in national debt is a dubious and dangerous milestone that was all too avoidable. If we do not alter our nation’s debt trajectory, we will soon wake up to find ourselves a second-rate economic power, a second-rate military power, and a second-rate moral authority.
“With the passage of this spending package, I fear Republicans have just ceded our moral authority to lead our nation away from eventual national insolvency. I cannot in good conscience support it.”