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


Jul 26, 2024
Economy

Lucas Underscores the Need for a Full Re-Proposal of Basel Endgame

Washington, DC – Today, Congressman Lucas discussed the consequences of Basel Endgame and the need for a full re-proposal with Walt Lukken, the President and CEO of the Futures Industry Association (FIA) and and Tom Sexton, the President and CEO of the National Futures Association (NFA). Stakeholders agree that the banking regulators should re-open the proposal […]



Jul 23, 2024
Press

Lucas Votes to Authorize Millions in Funds to Local Community Projects

Washington, DC – Congressman Frank Lucas (OK-03) released the following statement after the U.S. House of Representatives passed the Water Resources Development Act of 2024, which authorized millions of dollars for community projects in Woodward and Stillwater. Lucas voted in favor of the legislation.   “At a time when our political system appears to be in a constant […]



Jul 18, 2024
Press

Congressman Lucas Welcomes New Field Representative to District Staff

Yukon, OK – Congressman Frank Lucas (OK-03) today announced an addition to his District Office staff following the hiring of Nathan Dethloff as a Field Representative. Originally from Lone Grove, Oklahoma, Nathan graduated in May of 2022 from Oklahoma State University. Most recently, in May of 2024, he earned a Master of Science in Agricultural […]