Key Principles in the Debt Limit Debate
Posted by
Randy
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July 15, 2011
As we approach the looming August 2 debt ceiling deadline, Congressional leaders and the Administration have been debating courses of action necessary to address the nation’s debt. I know many of you are watching the debt ceiling debate closely. I want to share with you my key principles in the debt limit debate and the solutions I am supporting to get spending under control and cut, cap and balance the federal budget. My Key Principles in the Debt Limit Debate Cut Spending. All across America families and businesses must live within their means. The federal government should too. At a time when the federal government is borrowing 42 cents for every dollar it spends, we need significant spending cuts. So how do we make sure these principles are being met? I’ve cosponsored the following solutions: Balanced Budget Amendment, H.J.Res.1. This amendment would require that Congress not spend more than it receives in revenues, requires the President to submit a balanced budget to Congress, and requires a 3/5 majority vote to increase the debt limit.
I’d like to know what you think. Do you agree with these principles?
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