Deficit Reduction Act

DEFICIT REDUCTION ACT -- (House of Representatives - November 04, 2005)

(Ms. FOXX asked and was given permission to address the House for 1 minute.)

Ms. FOXX. Mr. Speaker, a debate is brewing in Congress that will have a significant impact on the future of this Nation. There are two clearly defined sides in this debate. On the one hand are fiscal conservatives such as myself who want to cut government spending and rein in the Federal deficit. On the other hand are folks who believe that more government spending is the answer to all our problems, and these folks will raise your taxes to pay for it.

In light of the high cost associated with hurricane relief, our budget's $35 billion savings package is simply not enough. The good news is that Congress now has the rare opportunity to rein in Federal spending by $50 billion and reform decades-old programs that are often duplicative and ineffective.

It is disappointing that many of my Democratic colleagues are fighting the Deficit Reduction Act. Even though they complain about the deficit, they would like to increase spending by billions of dollars. These Members have no plan to reduce the deficit. Their only answer is to raise taxes.

Mr. Speaker, the last thing we need is more of the old tax-and-spend mentality. The Deficit Reduction Act gives us an opportunity to streamline our government, reform ineffective programs, cut spending, and provide greater accountability. It is time for this important legislation to pass.

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