Alexander: President Obama Should Veto Largest Debt Increase in History

Posted on January 28, 2010

WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, today issued the following statement on Senate passage of legislation to increase the nation’s debt limit by $1.9 trillion – from $12.4 trillion to $14.3 trillion:

“It took this country 230 years to reach $10 trillion in debt. Now, in just 15 months we’ve added more than $2 trillion more.  The president was right last night when he said we should not leave Americans with a ‘mountain of debt.’ To hold Congress to that challenge, he should veto this debt increase, which is larger than the size of the entire federal budget in 1999.  If this increase in the national debt becomes law, it will leave our children and grandchildren a country they cannot afford and a government they cannot control. Until Congress and the president take steps to bring this alarming debt under control, we should not increase the debt limit.”

Senator Alexander voted for the Conrad-Gregg amendment, which would have created a bipartisan commission and would have required Congress to vote on its bipartisan recommendations to reduce the debt. He also voted for the Brownback amendment, which would have created a bipartisan commission to review spending and duplicative programs and would have required Congress to vote on its recommendations to reduce spending.