Once again, the House takes action to get our fiscal house in order

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Congressman Robert Hurt

As the current discussion in Washington continues to revolve around our nation’s debt crisis, the House remains committed to passing legislation to change the spending culture in Washington, get our fiscal house in order, and create a better economic environment for job creation for 5th District Virginians and all Americans.


In the absence of any concrete plan or proposal from the Senate or the Administration to address the President’s request to increase our nation’s debt limit, the House once again took the lead and passed H.R. 2560, the Cut, Cap, and Balance Act with bipartisan support.


H.R. 2560 is the only balanced legislative proposal put forth so far that would reduce our debt without jeopardizing our economic recovery.


Specifically, H.R. 2560 would implement immediate and significant spending cuts of $111 billion for the 2012 Fiscal year and $5.8 trillion over ten years. It would put in place enforceable caps that reduce spending as a percentage of GDP. And it would require the passage of a balanced budget amendment before raising the nation’s debt limit.


If we are serious about putting an end to the reckless government spending that has led to a $14 trillion debt, a $1.5 trillion deficit, and crippling economic uncertainty, we need to put in place these kind of short and long term spending reforms to force the federal government to live within its means.


On Friday, the Senate had the opportunity to pass this commonsense legislation to cut, cap, and balance federal spending while ensuring that the United States honors its financial obligations.


Unfortunately, the Senate voted along party lines to block this measure.


The Senate’s rejection of H.R. 2560 was another disappointing failure of leadership that demonstrates the chamber’s inflexible and unwavering commitment to the current spending status quo and job-destroying tax hikes with little regard for the consequences for the people of the 5th District and all Americans.


Given the seriousness of this issue, and at a time when Central and Southside Virginians are demanding that we put an end to out of control spending in Washington to help grow the economy and create jobs, it’s unfortunate that the Senate would continue down the road of inaction and put partisan politics ahead of what is in the best interest of all Americans.


With time running short and the Senate’s continued failure to lead, it is important now more than ever for the President to get off of the sidelines and take up the responsible, commonsense principles of bold spending cuts and long term spending reforms set forth in the House-passed Cut, Cap, and Balance Act.


If you need any additional information on these or any other issues, please visit my website at hurt.house.gov or call my Washington office: (202) 225-4711, Charlottesville office: (434) 973-9631, Danville office: (434) 791-2596, or Farmville office: (434) 395-0120.