Spending Cuts and Debt
I am committed to ending the borrow and spend cycle that has gone on for too long in Washington.
On this Administration’s watch, our nation is nearly $20 trillion in debt and out-of-control Washington spending has no end in sight. This immoral debt burden threatens the kind of country that we leave behind for our children and grandchildren. I am committed to balancing our budget and ending the borrow-and-spend cycle that has gone on for too long in Washington.
In Congress, I proudly cosponsored a Balanced Budget Amendment to the U.S. Constitution and, as a member of the House Budget Committee, co-authored budget proposals that slash more than $5 trillion in federal spending to balance our books within ten years – all without raising taxes.
Beyond these steps, I believe there are three key actions Congress must take to return our nation to a point of fiscal solvency:
Return to Regular Order: This means passing an annual budget and each of the requisite funding bills by October 1 of each year. Bloated, catch-all “omnibus” measures — like the $1.1 trillion spending bill passed last December over my objections — make it easier to hide unnecessary spending and open up bureaucracies to greater waste and abuse. Conversely, passing individual appropriations bills will better position Congress to evaluate each government agency on its merits so that we can move any dollar and cut any dollar where appropriate.
Enact Zero-Based Budgeting: This budgeting practice would force every agency to justify its spending by starting with a budget of zero and working up from there. It would give us a fuller, more accurate picture of the federal budget by putting every cost on the table to be reviewed for relevancy and effectiveness each year. This will position Congress to achieve real spending cuts rather than just slowing the rate of growth in government spending. Zero-based budgeting exists throughout the private sector and it can work in Washington too – that’s why I’m cosponsoring the ZERO Act, legislation to implement this budgeting practice throughout the federal government.
End the Practice of Blank Checks to Raise the Debt Ceiling: In Congress, I have voted against every blank check to raise the federal debt ceiling. A decision to raise Congress’ borrowing authority without any budgetary reforms or spending cuts guarantees that the government will arrive in the exact same position sooner rather than later. Congress should instead leverage these opportunities to demand real cuts and engage the Obama Administration in an honest conversation about federal spending.
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