Price: Economy, national security depend on limiting government spending

ATLANTA — President Obama and the U.S. Senate should consider “earnest, meaningful efforts to limit government spending, promote economic growth through free enterprise and entrepreneurship, and get America out of this crippling debt,” a Georgia Congressman said Monday.

U.S. Rep. Tom Price, R-Ga., who also added “our economy, our national security and our future prosperity depend on” limiting government spending, made his comments on the day the national debt surpassed$16 trillion.

“President Obama promised to cut the deficit in half during his first term,” Price said. “Instead, the American people have gotten four straight years of deficits exceeding $1 trillion and an increase in the national debt of $5 trillion, the largest amount accrued during one term of any president.

“President Obama believes that Washington must spend money it does not have in order to create jobs and enact his vision for America’s future,” Price added. “But after failed stimulus programs, preferential industry bailouts and Washington picking winners and losers in the economy, 23 million Americans are unemployed or underemployed and the jobless rate in America has remained at or above eight percent for 42 straight months.”