We Can’t Afford Another Debt Limit Increase

Until we break the cycle of borrowing money when we come up short we won’t get back to a firm financial footing.

David Hancock, 7th District Congressional Candidate, strongly believes that Georgia Voters should "Vote out all incumbents who voted for the $2.4 trillion debt ceiling increase in 2011. We must elect REAL conservatives into office to solve our debt problems NOW!"

Mr. Hancock goes on to say that "Voters across Gwinnett and Forsyth counties are fed up with Washington incumbents who lack the political courage to stand up to the giant spending machine that our government has become. Many people in the 7th district aren't aware that their Congressman, Rob Woodall, voted to dig us $2 trillion deeper into debt when the House approved the largest debt increase in American history."

Not only did the debt limit increase put us on a much weaker financial footing, we are now facing some of the other consequences of the deal, the most destructive of which will be a mandatory $500 billion cut in Defense spending in 2013.  And because we did not address the over-spending problem the US credit rating was downgraded for the first time in history.

Mr. Woodall can give lip service to being a conservative and wishing we had a fair tax, but if the voters lack the courage to stand up to their convictions and agree that spending in Washington has gotten way out of control, the only change in Washington will be more and more debt that future generations of Americans will have to repay. In fact, many are starting to wonder if it even can be repaid. At the rate the economy is going, it's conceivable that the interest rate on our debt could be in the $TRILLIONS in the very near future.

Mr. Woodall believed it was a good idea to increase the debt ceiling last time. Will you be happy if he is re-elected and increases our debt AGAIN?

David Hancock is a candidate for the U.S. House of Representatives in Georgia's 7th Congressional District. More information about Mr. Hancock is available on his website, www.hancock2012.com. You can also send him an e-mail at david@hancock2012.com

Editor's Note: Patch is not affiliated with nor endorses any political party, organization or candidate running for public office.

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David Hancock July 30, 2012 at 12:19 PM
Every time the debt limit is reached it is extended. It is time to break the cycle that says we just borrow more money when we don't have enough to pay for the programs we want. All spending originates in the House. Stop the spending and there will be no need to increase the amount of debt. By definition, if you do not borrow any more money then you have a balanced budget. If you are able to actually start lowering the debt limit then you are running a surplus.
Brian Crawford July 30, 2012 at 01:11 PM
You really think privatizing Social Security is a good idea? We've just created a generation of folks who's retirement plans were wiped out due to the volatility of private markets and who have negative equity in their homes. What about the defense budget, do we still need a cold war arsenal? And the biggest debt driver by far is Medicare, what's the plan there? Waste, fraud and abuse is a great place to start but Obama's already doing that. You want to cut education? You want to cut the DOE and EPA when one of our biggest challenges over the next few decades is the transition to renewable energy and and maintaining a livable environment where our drinking water doesn't burst into flames. A fire sale of government assets? I also didn't hear you mention taxes. What should we do there?
Ed Varn July 30, 2012 at 01:43 PM
MEW, WHAT budget? Congressional Dems haven't given us one in years.
SOGTP July 30, 2012 at 05:40 PM
Brian Crawford - you have your cause and effect out of whack again. The volatility in the business sector is due specifically to the GOVERNMENT. The federal reserve and the bureaucrats writing regulations. If you get rid of all that, business would run very smoothly, there would be no inflation, and you savings will be worth when you put them in the bank.
Scott Burns August 02, 2012 at 04:04 PM
You have forgotten the biggest cash hole is the U.S. military machine … why not be a real leader and start your cutting there…?


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