WASHINGTON – The U.S. Treasury Department released a report earlier this week, stating that the national debt has exceeded $16 trillion for the first time in United States history. The announcement came just hours before the Democratic National Convention was set to begin, and that didn’t go unnoticed by Republican Congressman Tom Reed (R-Corning), who is currently running to represent Chautauqua County in New York’s newly created 23rd Congressional District.
Reed said the country cannot afford to be desensitized by this enormous number of $16 trillion, calling it a “very real” and a “very scary” number that needs to be addressed.
Reed also pointed a finger at President Barack Obama, saying that during his first term, the national debt has increased more than $5 trillion – despite Obama’s 2008 campaign promises to cut the deficit in half. Reed wrapped up his comments by saying the national debt announcement is evidence that the country is continuing to spend more money than it has, and he will continue to fight alongside his colleagues in the House to lower spending and urge the Democratic-led Senate to do the same.