Our question this week comes from Richard in Bakersfield. He asked:
"Do you support increasing the debt limit?"
Thank you for your question, Richard. As you may know, the federal debt ceiling was reinstated at the beginning of this year at $36.1 trillion after being suspended back in 2023. If the debt ceiling isn’t raised, the United States could default on its obligations and unable to pay some of its bills. This would mark the first time in our nation’s history that we’ve defaulted on our debt, and the economic consequences would be catastrophic. Raising the debt ceiling is the only way to prevent such devastating impacts.
The reality is that for many years, the U.S. Government has been spending well beyond its means. Just as a household can’t spend more than its income, the government should operate under the same principle—and for far too long that hasn’t been the case. The majority of Americans believe raising the debt ceiling should be accompanied by commonsense spending reforms, and it’s past time for Congress to come to an agreement and get back to fiscal responsibility.