Hensarling: “Within this legislation is the opportunity that brings us the ultimate solution, and that is a balanced budget amendment to the United States Constitution.”
WASHINGTON – House Republican Conference Chairman Jeb Hensarling (R-Texas) made the following remarks in support of the Budget Control Act of 2011, the House Republican plan to avert a credit default, cut and cap federal spending, and pave the way for a balanced budget amendment to the Constitution.
“This nation has a debt crisis, not because we are under-taxed but because Washington spends too much.
“Here we are days before the president’s August 2nd deadline and the President of the United States has yet to submit a plan to deal with the debt crisis. Here we are days away from the president’s August 2nd deadline and the United States Senate has yet to pass a single plan. Days before the president’s August 2nd deadline not only have House Republicans passed their first plan, in a matter of hours we will vote yet again on another plan to deal with the debt crisis that we must remember is spending-driven. It is the president’s spending that brought us here.
“The bill that we are bringing to the House floor, Mr. Speaker, is not the ultimate solution. But Mr. Speaker, it assures that this nation pays its current bills, like families, like small businesses have to. It gives us the opportunity to actually cut spending. The amounts are not what they should be, Mr. Speaker, but for the second year in a row we will have the opportunity to actually reduce spending to save our country and save our children’s future.
“Most importantly, Mr. Speaker, within this legislation is the opportunity that brings us the ultimate solution, and that is a balanced budget amendment to the United States Constitution. Every family, every small business, almost every state has a provision that says, ‘We have to balance our budget.’ Should we, Mr. Speaker, expect less of our great nation? Maybe that’s why we have the $14 trillion in debt.
“We must act today, approve this bill, and balance the budget for our nation and future generations.”