Walberg Comments on Debt Ceiling Vote
By JGillman, Section News
Posted on Mon Aug 01, 2011 at 10:19:01 PM EST
Tags: Walberg, Congress, Michigan, Debt, Fail. (all tags)
Received this. Usually, I am a great big Walberg supporter. I really find little love for such short sightedness on such an impactful event. Does the congressman or his counterparts have an absolute limit calculated? Does he know where this leads us?
Plan Includes $2.1T in Cuts and a Vote on the Balanced Budget Amendment
Washington, DC - Today, Congressman Tim Walberg released the following statement:
"The President with the support of the previous Congress has spent a trillion dollars on a failed stimulus and trillions on a government takeover of healthcare. In less than a year, this Republican-led House has made significant progress to reverse course. We have passed a budget that cuts more than $38 billion for 2011, the first six spending bills for 2012 that return to pre-bailout, pre-stimulus levels, and the Ryan Budget that will save $5.8 trillion over ten years."
"Unfortunately, the president and majority in the Senate fail to understand the true meaning of fiscal responsibility, but with the pressure of the American people, we have at least brought them to agree to $2.1 trillion in spending cuts, including two-thirds of the discretionary cuts in the Ryan budget, and a vote on the Balanced Budget Amendment. The plan that passed tonight is one more step that Congress has taken to end the culture of government overspending and rapidly mounting debt. But this is not the end, and it's clear a true solution will not occur until America has a fiscally responsible president. I will continue to work to solve our government's debt addiction and encourage job creation so that America can maintain its greatness."
Somehow I wonder. Below the line is more information provided by the congressman's office.
As further provided in the release by Walberg's office.
· At least $2.1 trillion in spending cuts over 10 years. $917 billion immediately and at least an additional $1.2 trillion either through the work of a joint congressional committee or as across the board reductions.
· This legislation achieves two-thirds of the discretionary spending cuts contained in the Paul Ryan Budget.
· No tax increases. The legislation contains zero tax increases and due to budgetary procedures, it will be practically impossible for the joint committee to propose tax increases. The bill is silent on expiring tax cuts.
· Guaranteed vote in the House and Senate on a Balanced Budget Amendment to the Constitution.
$200 Billion a year in cuts to an increase of more than that each year? Joke right? No Tax increases? Right, tell that to those who will pay more as the bush tax cuts (for the rich) expire, affecting me and my measly $25k a year income. (believe it) Balanced budget amendment will never see the light of day. What a waste of time.