In a video announcing his candidacy, Sanford said that the United States is "headed toward the most predictable financial crisis in the history of our country," and noted that he intends to focus much of his campaign for president on spending and debt.
Sanford's campaign website states that "deficit spending in times of peace and prosperity" is unfair to future generations that will have to foot the bill.
"The president…has a familiarity and comfort level with debt that I think is ultimately leading us in the wrong direction," Sanford told Fox News' Chris Wallace on Sunday, citing the passage of a recent budget bill that will add $2 trillion to the national debt.
Government spending is not a new issue for Sanford. He once released a pair of pigs at the South Carolina State House to protest overspending on "pork" in the state budget.