In a news release issued today, Rep. Todd Akin describes his solution to the debt limit problems:
Congressman Todd Akin (R-MO), will cosponsor legislation to be voted on next week in the House of Representatives that will address the looming debt limit crisis through immediate spending cuts, capping future spending and passing a balanced budget amendment.
The legislation known as “The Cut, Cap, and Balance Act of 2011 will cut total spending by $111 billion in FY 2012, cap spending to a percentage of the GDP and require the passage of a Balanced Budget Amendment before raising the nation’s debt limit.
“I am cosponsoring and voting for the Cut, Cap and Balance Act of 2011 as a realistic response to the looming debt limit crisis,” said Akin. “We have a spending problem in Washington not a revenue problem and if we do not recognize and correct the massive overspending we are choosing a path to ultimate financial ruin such as the one Greece now suffers from.”
“We need more than press conferences and vague, empty promises of future reform that the President is offering,” said Akin. “This is the most serious threat we currently face as a nation and it is irresponsible to increase the Federal credit card limit without a realistic promise of repayment.”
“The Cut, Cap and Balance proposal charts a realistic and responsible path beyond the current debt ceiling debate and toward future economic stability, which is something that mere press conferences and vague threats will never accomplish,” said Akin.
3 comments:
Why is it the Republicans only scream for a balanced budget amendment when a Democrat is in the White House. I'm done with all of this, scrap all of the Bush tax cuts, this tax the rich stuff won't work and this idea that the public is overtaxed is stupid. This country didn't melt into a morass of nothingness in the Clinton years. Reagan raised taxes at least three times after his big 1981 tax cut. We all have to share the pain, lets share the pain. Reasonable spending cuts that don't cripple programs that people depend on and let the Bush tax cuts expire, ALLLLLLL OF THEM.
What does our representative propose that we cut, if we do not raise revenues?
BTW, just cutting "welfare" and such entitlement - hell, cutting whole entire departments of the US government -- won't balance the budget at current revenues.
So can our representative list the cuts he wishes to put into play to balance the budget without taxes?
Aiken thought they were talking about tuck, fall and roll.
Folks, this guy is the reason we have 'zero' in our vocabulary. The total sum of his years of being on the tapayer's payroll, is '0'.
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