Today unemployment hovers at 9.2%, 14 million Americans are out of work, and families and small businesses are struggling to pay the bills and live within their means, yet Congress can't come together and do our jobs to balance our books.
In Kansas and all across America, we know that spending more than we have is dangerous and irresponsible. It is time for Washington's values to reflect America's values.
This week the House passed the Cut, Cap, and Balance Act. This legislation would make serious cuts to our current out of control spending, put a cap on future spending and provide for a balanced budget amendment.
In 1995 Congress considered a balanced budget amendment. This legislation failed by 1 vote. Now 16 years and 14 trillion dollars of debt later, we have the chance to get this right for the future of our country.
The facts are clear--with 42 cents of every dollar borrowed, our country is on an unsustainable and dangerous spending trajectory. It is impossible to continue down this path and remain a prosperous and free nation. An economy burdened with unsustainable debt cannot create jobs. We must get our fiscal house in order if we wish to continue to be the nation where the American dream is possible.
Now is the time to right the ship. We have a chance to fix this problem; we have the opportunity to get it right this time around by producing long term solutions. The issue of a balanced budget strikes at the heart of who we are as Americans. We can reclaim the values of hard work, determination and fiscal responsibility that built this great nation. It is time to put politics aside and do what is right for the American people.
Passing this common sense plan to end out of control spending and begin to manage down our debt so that we can focus on getting our economy growing again, is the first step in regaining control of America's great prosperity.