Issue Position: Instilling Fiscal Discipline in the Federal Government and Encouraging Families to Save
The federal government spends too much of your money and Congresswoman Gillibrand is fighting to streamline and make government more efficient. America's $9 trillion debt is costing taxpayers hundreds of billions of dollars on interest payments on the debt and fiscal responsibility is critical for our children's economic security.
To ensure accountability with taxpayer money, Congresswoman Gillibrand has introduced a Balanced Budget Amendment to the Constitution and she has been a strong supporter of the Pay-As-You-Go (PAYGO) rule, which bans deficit spending. In addition, she has sponsored legislation that will place funding caps on appropriation bills.
Finally, in order to help workers save for retirement, Congresswoman Gillibrand supports giving everyone the option of setting up automatic payroll deductions for IRAs. Working hard to acquire wealth with the goal of securing a sound retirement is part of the American Dream; voluntary private retirement accounts will give individuals the financial freedom and flexible determination to achieve this goal.