Thompson Opposes Extending Government Borrowing Limit

WASHINGTON —U.S. Representative Glenn "GT" Thompson released the following statement following passage of extending the government borrowing limit:

"The legislation passed today expands our national borrowing limit to $28.9 trillion, which is an increase of $480 billion more than our current allowance. This bill kicks the proverbial can down the road until early December when Congress will, once again, be faced with raising the federal debt ceiling even further. We must be responsible in our spending, and raising the debt ceiling only results in burdening future generations. For these reasons, I could not support this legislation."


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