Congresswoman Mary Bono Mack, R-CA, said Friday she would vote against raising the U.S. debt ceiling, saying it was wrong for the nation to continue piling on debt.
It's time for the federal government to cut up its credit cards. We can no longer afford to keep borrowing money for programs - no matter how well intentioned - when our national debt is growing by a staggering $4 billion a day, she wrote in a released statement.
She said the best way to get the economy moving forward is to put the brakes on out-of-control government spending.
U.S. Treasury Secretary Timothy Geithner said in a letter on May 16 to Congressional leaders that they must vote to raise the ceiling in order to protect the full faith and credit of the United States and avoid catastrophic economic consequences for citizens.
Geithner said the borrowing authority of the United States will be exhausted as of August 2, 2011.