Friday, August 05, 2011

Hartzler: I voted no on debt ceiling compromise because we didn't cut up Obama's credit cards


(In her weekly column, Fourth District Congresswoman Vicky Hartzler explains why she voted against the debt ceiling compromise.)

As most of you probably know by now, the House and Senate approved the final debt ceiling bill this week and it was signed into law by President Obama. You also probably know that I voted “no” on that final version.

As I explained in discussions with citizens and with the media, my decision to say “no” did not come lightly and only came after a lot of research on the topic, talking to residents of the Fourth Congressional District, and discussing the matter with experts in the field of economics. I came to the conclusion that the final plan – while it marks a much-needed beginning – didn’t go far enough to reverse our destructive course and reflected the wrong priorities for America and for the people I represent. I have two main areas of concern: 1) We fail to cut up President Obama’s credit cards by failing to implement permanent reforms to significantly cut spending; 2) Of the cuts that are outlined, national defense bears a disproportionate share of them – something I find unacceptable.

First, the bill fails to do enough to rein in out-of-control spending and keeps us on the path of borrowing more money from foreign countries. We are already borrowing 42 cents out of every dollar we spend – a sum that works out to about $4 billion day. The bill passed and signed into law by the President cuts only $7 billion next year. That amounts to less than two days of savings. We can and must do better.

America needs a Balanced Budget Amendment, which is the only vehicle to stop the growth of government and control the runaway spending. An earlier version of the legislation included a provision I fought hard to have included – a requirement that a Balanced Budget Amendment to the U.S. Constitution be passed by both chambers of Congress and sent to the states for ratification BEFORE there could be another increase in the debt ceiling.

The final version guarantees a vote on the Balanced Budget Amendment, but does not require passage. I’m glad there will be a vote, but would have preferred a requirement that the Amendment pass before authorizing the borrowing of more money, putting us further in debt as a nation. American families have to tighten their belts and do more with less. Washington should have to do the same.

On the issue of national defense spending I vehemently oppose the legislation’s $350 billion cut from the Defense Budget. I am also very concerned that the bill that passed leaves open the door for $500 billion in additional defense cuts down the road. I have made my position clear whenever this matter has come up – the United States Constitution requires the federal government to do only a few things, the most important of which is to provide for America’s national defense. Now is not the time to be cutting our national defense when we have men and women in harm’s way, fighting in two theaters around the world and with emerging threats all around us! Washington needs to get its priorities right!

Having outlined my reasons for opposing the bill, I want you to be encouraged that Republicans are changing the debate in Washington. Instead of talking about more spending, we are now focused on controlling and cutting spending. We are beginning to turn the ship around, albeit ever so slightly. It is difficult to make all the changes that are needed with a Senate and President who believe in more borrowing, more spending, and more taxes. But, with the opportunity to pass a Balanced Budget Amendment in the coming months, I am hopeful that we can build support for passage in Congress and across the United States so that future Congresses will be forced to live within their means. Rest assured, I am committed to continuing the important work of getting a grip on spending and borrowing, solving America’s huge debt problem and balancing our budget.

4 comments:

Anonymous said...

The grandest of all Washington, DC deceptions is the practice of baseline budgeting. The “debt ceiling cost-cutting” debate going on in DC right now is just the continuation of a monumental “shell game” charade that has been going on since 1974 when Baseline Budgeting was enacted by a democrat congress and a republican president. It is so central to the financial disaster our country now faces that it has to go.

Here’s how baseline budgeting really works in Washington. It says that government spending in any fiscal year is automatically assumed to continue at pre-ordained rates of expansion in all subsequent years.

This is not a Republican or a Democrat issue. Both parties are complicit (Gene Taylor voted against it) in this insanity. If we are to return this country to fiscal sanity, ending baseline budgeting is the first thing that must happen so we see if any cuts and caps are real. Then perhaps a real balanced budget may even be possible.

Anonymous said...

@11:43, Have you or anyone else asked our Congressman about this or has he ever spoken to this issue? Does Eli Yokley have any understanding of this issue? Will the sun rise in the East in the morning? I'm getting concerned.

Anonymous said...

Baseline Budgeting allowed Roy Blunt to haul money to Southwest Missouri like a bank robber on a Sunday stroll throughout the Ozarks. Money that was deficit spending in it's purist form. Money, provided by China, that mortgaged the future of our great,g,g,g,g,g,g,g,g,grandchildren.

Thanks, Roy.

Anonymous said...

This is what I call NRA mentality. If we let you take away one gun (assault rifles, cop killer bullets,etc.) then you will take away all guns. Just as taking away one not needed defense item means you will take away all defense. Give me a break.