We are on course to be the first generation in America's history to leave the next generation with less freedom and a lower standard of living. Without reform, over the course of the next generation, federal spending is set to grow from its post-World War II historic average of 20% of the economy to 40%.
Our nation finds itself on the verge of national bankruptcy as a result of Washington politicians borrowing from future generations to pay for constituencies today through policies that have attempted to spend, borrow, and bailout our way to economic prosperity. I have been a leader in the fight against Washington's spending spree in order to save the American Dream as it drowns in a sea of red ink. I am fighting to protect the family budget from the federal budget to ensure we do not allow the torch of liberty to be mortgaged as a result of reckless Washington spending and so the American Dream will be bigger and brighter for the next generation.
* I serve as the Vice Ranking Member of the House Budget Committee, the second ranking Republican on the committee.
* I serve as one of 18 members on the National Commission on Fiscal Responsibility and Reform. Established by a presidential order, this commission is charged with coming up with reforms to put our nation on a sustainable fiscal path. My work on the commission is focused on solutions to rein in out of control spending and to ensure than any recommendations protect taxpayers.
* I have introduced an amendment to the United States Constitution to limit federal spending to no more than 20% of the economy- the historical average since World War II (H. J. Res. 79). Absent efforts to rein in spending, within the next generation, federal spending is set to double in size as a share of the economy. Either massive tax increases or unprecedented levels of debt will be required to finance spending at this level. This will leave future generations of Americans with less opportunity, less freedom, and a lower standard of living.
* I introduced the most fiscally-responsible budget introduced in Congress for three years in a row.