From the 8th district desk
Posted: Wednesday, August 3, 2011 8:01 pm
By: Stephen Fincher, Congressman
It was 821 days ago when the liberals in Congress last passed a federal budget.
The national debt has reached $14.3 trillion and the federal government now borrows 40 cents for every dollar it spends.
Washington has grown too large.
We must put an end to this out-of-control spending and debt and we must do so immediately. America can do better. America deserves better.
President Obama recently asked Congress to pass a clean hike to the debt ceiling and provide him with a blank check to continue on his spending spree.
But to give the president an increase in the debt limit without significant cuts is simply irresponsible.
Families in Tennessee are forced to balance their budgets and spend within their means – the federal government must do the same. That is why I voted to reject a clean increase in the debt limit and instead voted to raise the ceiling through responsible legislation such as Cut, Cap and Balance.
Unfortunately, President Obama issued a veto threat for Cut, Cap and Balance, and Senate Majority Leader Harry Reid refused to bring it to an up or down vote before the United States Senate.
President Obama is engaging in a dangerous game of chicken with America’s economy and future.
Instead of putting forth his own plan to prevent sending our nation into economic default, President Obama has decided to lead from behind.
President Obama speaks of a grand compromise, but has offered nothing but veto threats. Nobody wants to get to Aug. 2 without a deal, but it seems the President will not take yes for an answer.
Friday evening, Speaker John Boehner put forth the Budget Control Act of 2011. This plan contains major spending cuts, while averting economic catastrophe.
The Budget Control Act would include $22 billion in deficit reduction in the first year alone, include spending cuts that exceed the debt limit hike, and guarantees the passage of a balanced budget amendment for an additional debt limit increase.
After listening to my constituents’ concerns over the past weeks and careful consideration, I have decided to support this budget plan.
While I believe this bill is far from perfect, its historic cuts will continue to lead our country down the road to recovery, while avoiding a dangerous default.
We did not get into this mess overnight and it will take us a long time to get out.
The Boehner Plan is a suitable first step to change the course of the out-of-control federal spending in this country and take control of our future.
We certainly have a long way to put our country back on a successful course, but we cannot forget the progress we made over the past few months with historic cuts and reforms.
America’s brightest days are still ahead. We are an exceptional nation and by making the difficult but necessary decisions today, we can create a better future for our children and grandchildren.
I am certain of it.