Montana's Congressman, Denny Rehberg, today voted in favor of the Cut, Cap and Balance bill. The legislation would reduce spending by $111 billion in 2012 and around $5.8 trillion over ten years. It would establish caps on future spending to return government size to below 20% of GDP -- the average over the last 30 years. And it would grant President Obama's request for an increase in the debt limit, but only after Congress has cut up the credit cards by passing a Balanced Budget Amendment. Rehberg sponsored this Amendment (H.J.Res. 1) as his first action this Congress and is a member of the bipartisan Congressional Balanced Budget Amendment Caucus.
"Cut, Cap and Balance provides a framework to restore some fiscal sanity in our country, while at the same time protecting funding for Social Security, Medicare and veterans. Within this framework, I'll continue to fight for funding priorities that work for Montana and make government more efficient and accountable. And I will also continue to protect Social Security and Medicare. This legislation is the direct result of grass roots advocacy from around Montana and across the country. The American people have said "no way" to another blank check for more Washington debt. Instead, they offered Cut, Cap and Balance as a reasonable alternative to put our fiscal ship back on course. They generated support and built a coalition around their idea. And today -- at least in the House -- their American-made legislation took a big step forward. This is how a representative government should work."