I have always been a strong supporter of cutting wasteful government spending and making sure that our precious taxpayer dollars are used wisely.
To protect and secure Social Security, pay down the national debt and promote a strong national defense, Congress must balance the need for valuable programs with the need for fiscal responsibility. We can’t afford to continue spending more money than we have.
I also believe that it is necessary to balance the budget without increasing taxes. Tax increases would hurt the District’s job creators and hard-working families whose finances are already stretched thin.
Rather than raising taxes, I will continue to look for ways to get government spending under control and once again balance the federal budget.
More on Budget
This is the final in a series of email newsletters explaining the different parts of the Budget Control Act, which was signed into law last week. This e-newsletter focuses on the Balanced Budget Amendment (BBA) part of the legislation.
As you might recall, House Republicans passed the Cut, Cap and Balance Act in late July, which included a BBA. Unfortunately, that bill was immediately killed when it reached the Senate. The Budget Control Act gives the BBA a chance of moving through the House and the Senate and then on to the states for ratification.
I have heard from many friends and constituents with questions about the new Budget Control Act. This bill is so important, I want to clear up any misinformation and make sure you have the facts. That’s why I’m going to send you a series of email newsletters explaining the different parts of this legislation.
America has had enough. Enough reckless, wasteful spending. Enough piling up more and more debt. You deserve to know the truth about America’s budget, and it’s my responsibility to make sure you have the real information. No budget tricks, no more gimmicks, and no more empty promises.
FACT: As of July 28, our nation’s total debt stands at over $14.3 trillion. (Source: U.S. Treasury)
FACT: In 2010, the government received about $2.3 trillion in total tax revenue. (Source: Internal Revenue Service)
Over the past few weeks, the debt ceiling has captured the nation’s attention, but talks in Washington have yielded little progress. The House passed the Cut, Cap, and Balance bill to begin regaining our nation’s fiscal health. Unfortunately, the President promised to veto the bill, and last week, it failed in the Senate.
There has been a lot of discussion recently about whether we should allow the government to default on its obligations, and what that will mean for everyday Americans. I have heard from many friends and constituents on both sides of this issue. I want to make sure that you know that if Congress fails to raise the debt limit, the people who have served our country and who are currently serving our country will suffer. Let me explain why.
The fight we are going through with the President on the debt ceiling should not result in a one-year bandaid for our fiscal problems. This is an opportunity for Congress and the President to come together and create a serious, long-term solution to both our national debt and our spending problem.
In February 2009, the Democrats passed the $787 billion stimulus bill. The Administration pitched this to Congress and taxpayers as spending money to generate jobs. I voted no.
Predictions were made on both sides of the aisle of what the outcome would be. In 2009, I wrote in an e-newsletter that the 625 predicted jobs in the 12th Congressional district would cost taxpayers $306,000 per job. Two years later we have the cost per job provided by the Administration - our predictions were not that far off.
"Now, my administration has a job to do as well, and that job is to get this economy back on its feet. " – President Obama, July 2009
Since 2009 the administration has borrowed, spent, and taxed, sending our national debt $3.7 trillion deeper in the red. Even after all the stimulus packages and bailouts, our economy lost over 2 million more jobs. May’s unemployment statistics are yet another reminder of the long way we have to go in our economic recovery.
This week House Republicans sent an important message to the President and the Democrat-controlled Senate: the House will not vote to increase the debt limit without significant spending cuts and budget reforms. We cannot afford to do business the way they want to any more.