“Scott Peters’ extreme and reckless positions on automatically increasing government debt only adds to the dysfunction in Washington.” -Carl DeMaio
San Diego – Having built a national reputation as an expert in government budgeting and fiscal reform, Carl DeMaio spoke out against Rep. Scott Peters’ extreme and reckless proposals to increase government debt.
“The federal government’s finances are already unsustainable, but instead of addressing wasteful spending, Scott Peters is proposing an extreme and reckless idea to allow our debt to automatically increase,” DeMaio said.
This week, Scott Peters fell right in line with his Democratic Party leadership in calling for an increase in the nation’s debt limit without any conditions, public accountability or regard for reforming runaway or wasteful spending.
Scott Peters has also introduced legislation to make increases in the nation’s debt automatic. Under Peter’s proposal, the debt limit would even increase during economically prosperous times. Many fiscal reformers have argued that debt should shrink – not increase – when the economy grows. “We all know that when times are good, you pay off your debt,” cautioned local San Diego taxpayer watchdog Richard Rider. “Scott Peters, however, thinks you should raise the credit card limits and go shopping,” Rider said.
DeMaio has been openly critical of extreme views on both sides of the fight over the approval of the federal government’s annual budget and associated debt limit authorization.
“On the one extreme, you have Scott Peters pushing for automatic debt increases without any reform of wasteful spending – and on the other extreme you have a small faction willing to shut the government down entirely,” DeMaio lamented.
“I believe both extremes are out of step with the American people, and I’m looking forward to bringing the same kind of common-sense fiscal reform to Congress that we got successfully implemented here in San Diego with bipartisan support,” DeMaio concluded.
For more information, visit www.CarlDeMaio.com/DebtLimit