Findlay Courier - "Budget Bill Dismays Jordan"

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Findlay Courier - "Budget Bill Dismays Jordan"

The House budget bill had yet to be approved when U.S. Rep. Jim Jordan spoke to reporters Thursday, but he already knew he would not like it.

Jordan's proposed amendments to reduce spending in the $3.1 trillion bill were rejected last week by majority Democrats.

One of his amendments would have blocked increases for non-defense-related areas, saving $22 billion this year and $277 billion over five years, he said.

Unless Congress holds the line on spending and reduces the growing national debt, the economy will face long-term problems, said Jordan, R-Urbana.

Jordan said it is "poor stewardship when we continue to spend and run up debt like we do."

This generation risks being the first one to pass on to the next generation a worse economy than it inherited, he said. And the ramifications go beyond the economy, he said.

"The way the world operates, the economic leader is also the military leader," Jordan said. "It is critical we get our economy under control."

He also expressed disappointment that Democrats in Congress will allow tax reductions on income, inheritance, dividends and capital gains to expire over the next few years.

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