A recent report from the Department of Treasury shows a disturbing trend: Under the Obama Administration – which Lois Capps supports – for every $7 dollars the government brings in, Washington Democrats have spent about $11.
The Treasury summary is only the most recent failing grade from Democrats’ tax-and-spend policies:
- The national debt has increased by $5.5 trillion under President Obama.
- The U.S. has endured four straight years of trillion dollar deficits.
- Every day, we are borrowing from countries like China to mortgage Democrat spending sprees.
By refusing to address our crushing national debt, the Obama Administration and Lois Capps are jeopardizing our economic health each and every day.