Walter Jones on Nation's Financial Crisis

Dear Mr. Broyles,

Thank you for contacting me with regard to our nation’s fiscal crisis.  I appreciate you taking the time to share your thoughts and I am happy to respond.

I share your strong opposition to the deficit spending that is causing our federal debt to spiral out of control. In the last eight years, the debt has more than doubled from $7 trillion to over $15 trillion today. We are adding over $1 trillion in deficit spending to that total every year. Most of that is borrowed from China and other foreign nations which do not have our best interests at heart.

I am proud to be the only member of Congress to have voted against every single one of the deficit spending-filled budgets that have doubled our debt over the last eight years. I am also proud to be the only member of Congress to have voted against every single increase in the debt limit over that time frame. Continuing to raise the debt limit and pass budgets that feature $1 trillion annual deficits is irresponsible. We owe our children and grandchildren more than just continuing to kick the can down the line; we need to tackle the problem now.

That’s why I strongly support a Balanced Budget Amendment (BBA) to the Constitution. I have cosponsored this legislation every year since I’ve been in Congress, and I’ve voted for it each time it’s been considered. Now, more than ever, this nation needs the fiscal discipline required by a statutory mandate for a balanced budget. It is extremely troubling to me that so many of my colleagues oppose the common sense concept of not spending more than you take in.

Please rest assured that I will continue to fight against the deficit spending that is crippling this nation. I appreciate you allowing me to update you on this important issue.  If I can be of further assistance, please do not hesitate to contact me.

Sincerely,

Walter B. Jones
Member of Congress