Olson Opposes Debt Limit Budget Deal

Statement

Rep. Pete Olson (R-TX) today voted against the Bipartisan Budget Act of 2015, a large, complex spending bill that increases spending by $80 billion over the next three years with most of the cuts not taking place until 2025. This bill includes provisions to lift the debt ceiling until March 2017 and adjust spending caps for two years by $80 billion - $50 billion in the first year and $30 billion in the second year, equally divided between defense and non-defense discretionary spending. The bill passed the House by a vote of 266-167.

"It's time for Washington to stop spending more now with a vague promise to spend less later," Rep. Olson said. "For too long, Congress and the White House have turned a blind eye to the spending addiction that plagues our nation. States like Texas must balance our budgets, while Washington spends like a five year old with the family credit card in a toy store. In 2011, we passed the Budget Control Act with a promise to cut spending and restore fiscal discipline. Only once in the four years since implementing that law, have we managed to actually reduce spending. The gridlock has forced us to delay tough decisions until the last minute resulting in unappealing backroom deals that fail the American people. On behalf of our children and grandchildren, I must say no to more spending. We were elected to make tough choices and improve our financial outlook -- on this front -- we have failed miserably."

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