Price: ‘The current path is bankrupting our nation’

A U.S. Representative from Georgia says the Obama Administration should consider spending cuts as part of any decision to raise the debt ceiling.

“It would be irresponsible and send the absolute wrong signal to the American people were Congress to act on raising the debt ceiling without a concerted effort to rein in out-of-control spending,” U.S. Rep. Tom Price, R-Ga., said in a statement. “The current path is bankrupting our nation. Any debate regarding the debt limit should begin with how Congress can take bold action to end the spending spree and enact robust cuts in the federal budget.”

The nation’s debt stands at approximately $14 trillion. Price pointed to an article in The Hill that indicated the Obama Administration does not want any other decision tied to a vote to raise the debt ceiling.

“It appears the White House’s default position is to avoid those tough decisions at this time,” Price added. “… Our hope is that the Administration will be a willing partner in that pursuit so that we can provide our children and grandchildren with a stronger economy and brighter future.”