As Congressional Republicans again rally around Rep. Paul Ryan’s (R-WI) budget and its goal of eliminating the deficit in ten years, many are using an old talking point. They claim that the federal government should model itself on the federal government stop spending more money than it takes in. But a ThinkProgress examination of recent personal financial disclosure filings reveals that many of the same lawmakers who are urging the nation to balance its books are themselves in debt and have taken out personal and/or business loans.

Government is nothing like a business and cannot be run as one — its aim is to protect its citizens, not to turn a profit. Businesses and individuals often borrow in the short term to make investments for the long term — mortgages, lines of credits, and other sorts of loans are facts of life for millions of Americans and businesses of all sizes. Start-up businesses rarely break even for the first several years and few people can afford to buy their first home outright or pay for their kids to go to college out of pocket.

Still, many politicians who advocate for cuts to vital programs and a dangerous Balanced Budget Amendment to the U.S. Constitution use the argument that government needs to live with in its means because everyone else does — but have debt of their own. These hypocrites include:

House Budget Committee Member Tom Rice (R-SC): Wrote: “At a time when hardworking American families are living off of a budget, the federal government should be no different. My colleagues and I believe it is time for America to change course and get back on a path of prosperity. This begins with a balanced budget plan.” Reported five mortgages totaling over $4 million.

House Budget Committee Member Diane Black (R-TN): Wrote: “The state of Tennessee balances its budget, American families and businesses balance their budgets and so should the federal government,”and “Balancing the budget is not extreme; it is what American families across this country do on a regular basis.” Reported four mortgages on three properties, totaling more than $3 million.

House Budget Committee Member Roger Williams (R-TX): Said Wednesday: “We have to have a balanced budget. I have to balance my budget. Everybody in America has to balance their family’s budget or their business’ budget, not every ten years, not even every single year, but every single day.”Reported more than $2.5 million in business debts.

House Budget Committee Member Scott Rigell (R-VA): Boasted that he voted for a balanced budget amendment because: “I know that American families do what they have to do to live within their means; and so too should the government.” Reported $1.5 million in lines of credit, a $500,000-plus mortgage, and over $10,000 in credit card debt.

House Budget Committee Member Bill Flores (R-TX): Wrote: “It’s time Washington was forced to finally live within its means and cut up the credit cards. Every American family and 49 out of 50 states currently abide by some form of a balanced-budget requirement. If they can make the hard choices to pay their bills and live within their means, then Washington should too,” and “American families and businesses must live by this principle every day, and they want Congress to abide by the same rule.”Reported two mortgages on residences totaling over $1.5 million.

House Republican Leader Eric Cantor (R-VA): In a joint editorial with Rep. Bob Goodlatte (R-VA),wrote: “Just as any family or business has to do, Washington needs to learn to live within its means.”Reported three mortgages totaling at least $1 million.

House Budget Committee Member Vicky Hartzler (R-MO): Said in a floor speech: “Families I talk to, they say, Every year we balance our budget, how come Washington doesn’t? Every small business I visit says, We balance our budget, how come Washington doesn’t? Every farmer and rancher I visit with says, We balance our budget, how come Washington doesn’t?” Reported five real estate mortgages totaling more than $900,000.

House Republican Conference Chair Cathy McMorris-Rodgers (R-WA): Wrote: “Balancing the budget isn’t a liberal or conservative issue. When families in Eastern Washington balance their budgets, they don’t consider it a liberal or conservative policy; it’s just a requirement of life,” and “Families, small businesses and even the State of Washington must balance their budgets. It’s difficult and it forces some hard choices. It’s time for the federal government to do the same.” Reported three mortgages totalling more than $600,000 and a student loan of at least $10,000.

House Budget Committee Member Reid Ribble (R-WI): Explained that he’d backed a bill because “we need to put a stop to the irresponsible deficit spending in Washington. Families across Wisconsin have been forced to scale back their spending and balance their budgets, yet the federal government has failed to do the same.” Reported several mortgages on properties and a home equity line of credit, totaling several hundred thousand dollars.

House Budget Committee Member Rob Woodall (R-GA): Wrote: “A Balanced Budget Amendment is crucial to ensuring fiscal responsibility in our government, not only today, but in the years to come,” Woodall said. “American families and businesses must decide how to spend their money responsibly; it’s time that the folks in Washington do the same.” Reported two mortgages totaling more than $150,000.

House Budget Committee Member Alan Nunnelee (R-MS): Wrote that “businesses, large and small, are working on their budgets for 2012. Each of these groups, local governments, state government, and private businesses operate with a very practical consideration…they must make their budgets balance. This is a concept that American families understand. Thirty years ago, just before I was to be married, a very wise friend taught me a simple but important principle of family budgeting, ‘If your outgo exceeds your income then your upkeep will be your downfall.’ The only entity in America that does not seem to understand this concept is the federal government,” and “Families and businesses in my district have been sitting down, cutting spending, balancing their budgets and making tough decisions. It’s time for the federal government to do the same. A balanced budget amendment will legally force the federal government to only spend what it takes in and start living within its means – a practice Mississippi families and businesses are asked to do every day, yet a practice our own President refuses to participate in. Reported four mortgages on two properties, totaling more than $145,000.

House Budget Committee Member James Lankford (R-OK): Said in a floor speech: “Nineteen years ago my wife and I married. I was still in school, I was working as much as I could, she was also working, but we were barely making it, but we made the decision, we were not going to run up credit card debt and live beyond our means. We paid our school loans, we tied to our church, we ate a lot of peanut butter, and we lived simply. As Dave Ramsey said, we determined to act our wage. It’s a biblical principal for myself and my family; Proverbs 22:7 states, ‘The borrower is a slave to the lender.’ Proverbs 22 applies to families, and Proverbs 22 applies to nations. If we were living within our means as a nation, almost all the debate in the last six months in this chamber would have been different.” Reported that he “is a slave” to Bank of America, with whom he has a mortgage of more than $100,000.

House Republican Whip Kevin McCarthy (R-CA): Wrote: “In order to make ends meet and plan ahead, hardworking American families and small businesses budget to manage their finances. Why can’t Washington?” and “In the past two years, discretionary spending has increased by 84 percent and our debt has grown by over $3.5 trillion. No family or small business in Bakersfield, or anywhere for that matter, would ever budget like this, and the federal government cannot.” Reported a mortgage of over $100,000.

House Budget Committee Member Sean Duffy (R-WI): Wrote: “Congress must learn what every working family and small business in Central and Northwestern Wisconsin has known for a painfully long time: the path forward to a sustainable and prosperous future is paved by fiscal responsibility and smaller, smarter government. One of the most commonsense measures we can enact is a balanced budget amendment which simply dictates that the federal government must live within its means. This is a lesson well-learned by the hardworking citizens of Wisconsin and there’s no reason why Washington should live by different rules than Wausau, Chippewa Falls or Rice Lake.” Reported two mortgages totaling more than $150,000, a line of credit, and a student loan of more than $50,000.

Though the average U.S. Representative has a net worth of more than $6 million, the House Republican Leader, Republic Whip, and Republican Conference Chair all reported some sort of personal liabilities. Of the 22 Republicans on the House Budget Committee, 18 identified some debt on their most recent forms.