Failed budget votes prove need for Balanced Budget Amendment
Today, U.S. Senator Jim DeMint (R-South Carolina) made the following statement after voting for three Republican budget proposals that would lead to balanced budgets. U.S. Senator Rand Paul (R-Kentucky) offered a budget that would lead to balance within five years. U.S. Senator Pat Toomey (R-Pennsylvania) offered a plan that would balance the budget within 10 years. There was also a vote on U.S. House Budget Chairman Paul Ryan's (R-Wisconsin) budget proposal that would save Medicare from bankruptcy, lead to permanent balance and pay down the national debt. Every Democrat voted against these proposals.
"Democrats made it official today: they are the party of big government, big spending, big debt and bankrupting the American economy," said Senator DeMint. "It's clear that we must pass a balanced budget amendment to force Congress to make the hard decisions, or we're headed off a fiscal cliff. We are $14 trillion in debt, our economy is struggling, and the world is losing confidence in our currency. Republicans are offering numerous proposals to stop this fiscal nightmare, but Democrats want to stick their heads in the sand and pretend we can keep racking up trillions of dollars in debt with no consequences.
"The budgets proposed by Senators Paul and Toomey prove we can get our fiscal house in order quickly by cutting unnecessary spending. Paul Ryan's budget is the only solution put forward to keep our promises to seniors and stop Medicare from going bankrupt. Instead of engaging in irresponsible demagoguery, Democrats should engage in serious debate and come up with solutions of their own. Democrats need to join all 47 Republican senators who have cosponsored the balanced budget amendment so we can stop the partisan games and come together to stop the deficit spending," said Senator DeMint.