HESPERIA -- California Republican Congressman Jay Obernolte (R- Hesperia) has pointed out that the United States has reached the debt ceiling, however, it's nothing new. 

"Two years ago, I noted that if we didn’t immediately work to put our fiscal house in order, the result would be skyrocketing inflation, higher interest rates, and slower economic growth. We are now unfortunately experiencing all three, thanks to a lack of fiscal responsibility on the part of both the executive and legislative branches of the federal government," said Obernolte in an email to constituents. 

The national debt ceiling is 31.4 trillion dollars and Obernolte says that he's created a budget amendment known as the Obernolte Balanced Budget Constitutional Amendment. According to Congress.gov, Obernolte's amendment was introduced on January 11, 2023. It's been referred to the House Committee on the Judiciary, however, no other information about the bill has been made available. 

Obernolte says that his self-titled amendment will require the U.S. Congress to balance the federal budget over five years and to ensure that there is not a deficit between what is appropriated and what is received as annual federal revenue unless an emergency happens. 

An inquiry into a response from Obernolte's DC office was ignored about his proposed bill and why he feels it's different than anything ever proposed before. Obernolte's office was also asked about the research that went into creating this bill and why the Congressman was confident his bill would work if passed. 

HDdailynews.com found that the national debt ceiling has been raised at least 90 times in the 20th Century. In recent years, it was raised 7 times under George W. Bush's administration and 5 times under Barack Obama's administration.  

House Democratic Caucus Chair Pete Aguilar (D-Fontana) told reporters his party will not entertain deep cuts to programs like Medicare and Social Security. 

House Speaker Kevin McCarthy and conservatives do have a solution on the table. They're expected to push for spending cuts in exchange for a yes vote to raise the nation's borrowing authority. Democrats have urged their colleagues on the other side of the aisle to raise the limit without conditions or risk a default. 

The President has intentions of meeting with McCarthy soon to discuss the debt ceiling. The U.S. hit its debt limit last week, prompting the Treasury Department to start "extraordinary measures" to continue paying its bills.