Reps. Arrington, Peters Introduce H.R. 6139, the Responsible Budgeting Act

Statement

Today, Rep. Jodey Arrington (TX-19) and Rep. Scott Peters (CA-52) introduced the Responsible Budgeting Act, legislation to fundamentally alter and improve the way our nation's debt limit is addressed. This legislation would provide an alternate and fiscally responsible process to addressing the debt limit, guaranteeing a much-needed debate and venue for consequential policy solutions to reign in our nation's skyrocketing debt trajectory.

"The biggest threat to our nation's prosperity and security is our unsustainable national debt.The congressional budget process is fundamentally broken with little to no accountability nor fiscal responsibility for both parties,"said Rep. Arrington."I am proud to join my friend, Rep. Scott Peters, in introducing legislation that would help dispense with the current debt ceiling dysfunction and incentivize Congress to act responsibly with taxpayer resources and the fiscal future of nation."

"Failing to extend the debt limit can have catastrophic consequences, and we must stop playing politics with the full faith and credit of the U.S. government. These games, however, are a symptom of a bigger problem: Congress currently doesn't have a bipartisan way to deal with our national debt,"said Rep. Peters."This bill will eliminate the dangerous threats of the debt limit while putting us on a path towards greater fiscal health. If we can tackle the brinksmanship associated with the debt ceiling and improve Congress' approach to budgeting, we can ensure a stronger, more stable economic future. I'm pleased to join my friend Rep. Arrington to lead this important effort."

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