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  • Rep. Hensarling: I Will Do Whatever It Takes to Return to 'Fiscal Sanity'

    Conservatives are taking a stand in the House, and they’re making their liberal counterparts angry in the process.

    The Cut, Cap, and Balance plan passed with flying colors in the House (234–190) on Tuesday, and it is now up to the Democratic-controlled Senate to shoulder its responsibility. In fact, conservative House Members are holding out hope that the only actual bill on the debt ceiling yet to pass Congress will make it through the Senate.

    House Republican Conference chairman Jeb Hensarling (R–TX) is one of those making a stand and was confident in an interview with Heritage yesterday when he said that the only thing others have offered is “either an outline, a press release, or a speech.”

    By contrast, Cut, Cap, and Balance has been written, read, voted on and passed. If passed through both chambers, it would increase the debt ceiling and begin solving America’s debt crisis without raising taxes.

    But President Obama threatened to veto the bill before it was even voted on earlier this week, and White House press secretary Jay Carney lamented that the bill was nothing more than a “duck, dodge, and dismantle” approach to the debt.

    “Unfortunately, the President’s idea of a balanced plan—after his failed stimulus program and $2.6 trillion takeover of the health care system—is to say ‘I want to raise your taxes to pay for my spending,’” said Hensarling. “Our idea of balance is: Mr. President, we will help you raise this debt ceiling and pay these bills only if you cut up the credit cards.”

    House conservatives, who are toeing the line of discipline on spending and taxes, have been hit with a harsh reality. The Senate’s “Gang of Six” has a plan with few details and many empty promises that offer no assurance of a truly reformed economic policy.

    “It’s hard to tell what you are doing … with three different budget baselines that they use … and I don’t see where entitlement reforms are specified,” said Hensarling of the Gang of Six plan. “Most of what I’ve seen is a two-page outline that is a little bit confusing to me.”

    “We have a debt crisis not because the debt ceiling is too low but because debt is too high,” said Hensarling. “If I can get on the road to fiscal sanity by not increasing the debt ceiling, I will, and if I think I can take steps down the road to fiscal sanity by increasing debt ceiling, I’ll do it.”

    It’s high time that everyone in Congress heard the American people say “stop spending” and recognize the dire threat this $14.3 trillion debt is to America’s future as a nation.

    Posted in Scribe [slideshow_deploy]

    One Response to Rep. Hensarling: I Will Do Whatever It Takes to Return to 'Fiscal Sanity'

    1. zff says:

      The House Bill doesn't "duck" or "dodge" anything. In fact, unlike any of the other options thrown out there, it forces everyone to face the real issue and do what is necessary to fix our broken country and that is lower our spending instead of passing the buck down the line and continuing our current unsustainable path. As for dismantling, some dismantling would do the country and the people good. The government is simply just too big and intrusive.

      Too bad Dems are too busy coming up with cutesy derogatory terms to call the "Cut, Cap, and Balance" Bill and engaging in hollow name calling instead of actually saying and doing anything substantial.

    2. George Colgrove, VA says:

      Facts from the Treasury Department Monthly and Daily Statements:
      1. We have been at the debt limit since May 16. Things are moving along without disaster.
      2. Every payment is being made as required and new debt is being issued. In June, the federal workforce increased the debt another $40 some-odd billion after paying off some bonds due.
      3. Since we hit the debt ceiling the federal government took in about $300 billion in revenue.
      4. Since we hit the debt ceiling the federal government paid about $15 billion in interest payments.
      5. Since we hit the debt ceiling the federal government paid $255 billion for Medicare, Medicaid, Social Security, the Veterans Affairs department and federal workers wages and insurance benefits.
      6. Since we hit the debt ceiling the federal government had $26 billion in remaining revenue to spend on other government activities.

    3. George Colgrove, VA says:

      What has to happen is that this remaining revenue has to be prioritized. To do that, the federal government has to determine what has to be done more than other things. ONce you remove those expenditures, the amount allocated to federal workers will go down, thus providing more revenue for government activities. Eventually there will be a balance found in ridding the taxpayer of unessential programs and preserving funding to that which is essential.
      As Obama said, this is the new reality – only it came back to bite him in the butt.

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