Congressman Frank Lucas Hails Passage of Debt Limit Increase Disapproval Resolution

Jan 18, 2012
Economy
Press

 Washington, D.C. – Congressman Frank Lucas today joined his House colleagues in the United States House of Representatives in voting for passage of H.J. Res. 98, The Debt Ceiling Limit Increase Disapproval Resolution. This legislation provides for disapproval of a $1.2 trillion increase in our nation’s statutory debt limit.

 “I am pleased the House of Representatives passed this resolution to disapprove of President Obama raising the national debt ceiling, yet once again,” said Lucas. “This debt increase marks the sixth increase in the debt limit since Obama took office. We cannot continue down this path of reckless spending in Washington.

 “Americans are constantly finding ways to balance their checkbooks and live within their means, and it is time for the federal government to do the same. Currently the nation’s debt is greater than the value of the entire U.S. economy. The President needs to put a stop to the idea that spending borrowed government money will somehow solve this economic disaster.

 “It is time for leaders in Washington to come up with real common sense solutions for dealing with this enormous debt problem. Continuing to shovel money out the door and borrow from hard working citizens will not work. We need to make serious cuts in government spending and stop allowing President Obama to borrow more money from the federal government. This is the only way to solve our current economic crisis. I hope the Senate will pass H.J. Res. 98 and send it to the President’s desk for his signature.”

 –30–

Recent Posts


Sep 24, 2024
Economy

Gensler and Peirce Disagree on Treasury Clearing Implementation

Washington, DC – Today, at a Financial Services hearing entitled Oversight of the Securities and Exchange Commission, Congressman Lucas, SEC Chair Gary Gensler, and SEC Commissioner Hester Peirce discussed the need to extend Treasury clearing timelines. While Chair Gensler did not say, Commissioner Peirce agreed with Congressman Lucas that there is a need to extend these […]



Sep 23, 2024
Press

Lucas, Mullin Welcome $5.5 Million Investment to OSU to Enhance Weather Prediction

Cheyenne, OK – The National Institute of Standards and Technology (NIST) awarded Oklahoma State University (OSU) $5.5 million as part of the Consolidated Appropriations Act of 2024. The purpose of these funds is to increase knowledge about local weather systems in the lower atmosphere, enabling the safe integration of small Unmanned Aerial Vehicles and Advanced […]



Sep 18, 2024
Press

Lucas Honors NASA’s Hidden Figures at Congressional Gold Medal Ceremony

Washington, DC – Today, House Science, Space, and Technology Committee Chairman Frank Lucas attended a Congressional Gold Medal Ceremony, where he had the opportunity to honor the Hidden Figures, a group of women crucial to the space race. These women helped calculate the Apollo 11 mission to land the first astronaut on the moon. Medals […]