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Crenshaw: No Debt Limit Increase Without Serious Fiscal Reform

Statement

By:
Date:
Location: Washington DC

Congressman Ander Crenshaw underscored his commitment to fiscal responsibility by joining a majority of his colleagues in rejecting an increase on the nation's debt limit without any meaningful fiscal reforms. H.R. 1954, legislation to implement the President's request to increase the statutory limit on the public debt, failed by a vote of 318 to 97 on May 31.

"An increase in our debt ceiling without meaningful fiscal reform will never earn my vote," said Crenshaw. "The President's plans call for a $2.4 trillion increase in the debt limit through the end of next year, but they say nothing about MORE spending cuts or budgetary reform. In this day and age, that's pure fiscal recklessness, and it's unacceptable."

"Since the beginning of the year, Republicans have taken led the fight to restore fiscal sanity by cutting billions of dollars in wasteful big-government spending. We need to preserve that momentum in order to create jobs and save the country from national bankruptcy," said Crenshaw. "Increasing the debt limit without demonstrating spending restraint puts us on a road to lower credit ratings, higher borrowing costs, and more expensive imports. Now is not the time to revert to Washington's old ways."

"This vote will show the White House and Washington Democrats that the American people want Congress to stop spending money we don't have and sticking our children and grandchildren with the bill," said Crenshaw. "The "borrow now and pay later' attitude has prevailed for too long in this town."


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