Rep. Ed Royce (R-CA) issued the following statement in response to President Obama’s State of the Union address:
"I think the president lacked leadership in confronting our nation’s most pressing issue – our debt. Every day the U.S. takes in roughly $6 billion but spends roughly $10 billion. That’s a $4 billion shortfall every day. Unfortunately, that means the U.S. borrows forty cents, most of it overseas, for every dollar the government spends. With an imbalance that large we simply cannot succeed.
"We need the president to come to the table, not after the elections, not in 2013, but now to address this crisis. Instead, his call for increased spending will compound the problem. Today marks the 1000th day since the Senate Democrats last passed a budget. It is time to make the tough decisions to reduce the deficit and accumulated debt, not pile on with more borrowing and spending."
