Lummis Lauds FY2012 GOP Budget Blueprint

U.S. Representative Cynthia Lummis (R-Wyo.) issued the following statement regarding House Budget Committee Chairman Paul Ryan's (R-WI) fiscal year 2012 budget resolution, "The Path to Prosperity":

"People in Wyoming know that Washington's spend, tax and borrow approach will impose a heavy burden on future generations of Americans. They understand that the status quo is unsustainable and unacceptable. They want Congress and the President to put America on a path to fiscal stability by halting this country's spending spree and tackling our long-term debt problem.

"Unfortunately, President Obama's FY2012 budget proposal more than doubles our debt by 2016 compared to his first year in office, and nearly triples it by 2021. The President would rather kick the can down the road than lead and face the true causes of our country's unsustainable debt.

"Our country is facing two paths. We either go down the current road of runaway spending and pay the price by shelling out $844 billion in annual interest on our debt by the next decade; or we adopt a new plan to balance our budget and pay off the job-destroying debt that burdens our economy.

"In a time when many in Washington would rather sit on their hands when it comes to addressing the severe fiscal issues that threaten the future of our country, the GOP's "Path to Prosperity' offers bold solutions to America's debt crisis.

""The Path to Prosperity' preserves and strengthens health and retirement programs. It streamlines the tax code, halts Washington's sprawl in favor of a smaller, leaner federal government, and according leaders in our economy, it will create one million new private sector jobs. Instead of cutting billions of dollars, 'The Path to Prosperity' cuts $6.2 trillion in government spending over the next decade and starts paying down our debt and deficit.

"America cannot afford to ignore the fiscal challenges we face any longer. "The Path to Prosperity' changes the course of our wayward fiscal ship and stabilizes America's social safety nets so that they are viable for future generations."

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