Duffy Statement on Bill to "Cut, Cap, Balance" Federal Government Budget

Statement

U.S.Congressman Sean Duffy (WI-07), a Member of the House Committee on Financial Services and the Joint Economic Committee, issued the following statement after voting for H.R. 2560, the "Cut, Cap, and Balance Act of 2011," which would cut spending now, institute spending caps for the future and add a balanced budget amendment to the Constitution:

"Right now, our economy is at a tipping point. If we don't get our nation's spending and debt under control, we could enter into a death spiral that ends in ruin -- much like the crisis in Greece.

"I have consistently said that if the President is willing to cut up the credit card, I'm willing to pay the bill. But it would be irresponsible to simply deal with the symptom of debt without dealing with its root cause: spending. We're spending too much money that we don't have at an unsustainable rate. The fact that we borrow $58,000 per second should send shivers up your spine.

"Today, the House leads yet again by voting on a plan that cuts up the credit card while dealing with our nation's debt ceiling. The cut, cap and balance approach is a simple, commonsense proposal that says we need to cut spending now, cap spending over the next decade and amend our Constitution with another layer of "checks and balances' to ensure that Washington lives within its means.

"We have been the only ones proposing serious budgets, taking tough votes and putting our money where our mouth is. To date, we have yet to get a single specific proposal from the President or his party in the Senate. Absence in crisis is an abdication of leadership.

"There is still time to get our fiscal house in order, turn our economy around and get the private sector growing again -- but there isn't a lot of time. The more we wait, the more painful our choices become."

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