Today, U.S. Senator Scott Brown (R-MA) will introduce the Fiscally Responsible Relief For Our States Act of 2010. This bill would break the logjam on funding for unemployment assistance, FMAP and summer jobs without raising taxes or adding to the national debt.
The bill would be fully paid for by using unspent and unobligated funds from the American Recovery and Reinvestment Act (ARRA) and by cutting wasteful and unnecessary federal spending in other areas.
Please click HERE to watch Senator Brown discuss the Fiscally Responsible Relief for Our States Act of 2010. The transcript is as follows:
"Hello, I'm United States Senator Scott Brown and I have the honor and privilege of serving the people of the Commonwealth of Massachusetts.
Today, I want to speak to you about a new bill that I am introducing in the Senate that would provide funding for programs in Massachusetts, and the nation, without adding to the out-of-control national debt.
Last week, I opposed a big spending bill because it called for nearly $60 billion in tax increases and more than $33 billion deficit spending. I said no to this bill because the federal government is clearly addicted to debt and wants to raise taxes on Americans during a time when we can least afford it. This bill was defeated in a bipartisan manner.
There are some programs in that legislation that are important to Massachusetts during this economic crisis -- the summer jobs program for young people, unemployment insurance extensions for those still looking for work in this tough economy, as well as additional assistance to the states, known as FMAP -- but we need to find a way to pay for them.
My compromise bill uses unspent stimulus funds and cuts wasteful and unnecessary spending in other areas to pay for these important programs. Believe it or not, there is about $37 billion in stimulus money just sitting in a Washington slush fund when it should be put to good use immediately.
While my bill pays for additional FMAP assistance for one more year, this phase-down provides states an opportunity to get their fiscal houses in order -- but also makes it clear that they can no longer pass the buck to the federal government, which has budgetary problems of its own.
I have been in Washington for five months now, and if you've followed my voting record you know that I have crossed party lines to support good ideas when I see them. But, as you know, bi-partisanship is a two-way street. I hope that my Democratic colleagues will support this common sense legislation because it is not only good for Massachusetts, but the entire nation.
My bill will allow us to provide for the needs of our citizens without putting more debt on the credit card, and without increasing taxes.
If we begin using common-sense steps, like this one, to get our fiscal house in order, we will put our country back on a path to fiscal sanity and get our appetites for spending and borrowing under control.
Thank for listening to this message. I want you to know how proud I am to represent the people of Massachusetts."