After years of government overspending by both parties, America is perilously close to bankruptcy as a nation. The federal deficit threatens job creation today and the futures of our children and grandchildren tomorrow. Before I was elected, Congress went on a spending binge: trillions of dollars spent on bailouts, stimulus packages and massive new government programs. Now, we have spent the last several years trying to reign in government spending and give relief to families and small businesses.
It’s time to stop the excessive credit card spending and reverse course. It's time to make difficult decisions, and establish a framework for responsible budgeting. In doing so, we'll remove barriers to economic growth and help create new, family-wage jobs.
From day one, I have worked to keep my pledge to stop the overspending. My first vote as a Member of Congress was to cut my own office budget, along with the budgets for every other congressional office. The $35 million we saved taxpayers didn't eliminate the deficit overnight, but it was a start.
I have also co-sponsored and voted for a U.S. Constitutional Amendment that would require Congress not to spend more than it receives in revenues each year. If families can carefully establish budgets that they must live within, why shouldn't the government? The very first bill that I introduced in Congress would cut the salaries of Members of Congress, the President and Vice President by 10%. I believe as elected leaders we need to do our share to reduce the debt.
Americans understand that we cannot stay on this path of overspending and achieve a full economic recovery. The nation’s staggering national debt is one of the greatest challenges our country faces today, but we can overcome it if we put a stop to the overspending and force the federal government to live within its means. Once we do, we will be much closer to sustained economic recovery, new jobs, and a more secure nation.