Congressman Robert Aderholt (AL-04), today issued the following statement after the Cut, Cap and Balance Act, passed the United States House of Representatives by 234-190. The Cut, Cap and Balance Act cuts total spending by $111 billion in FY12, caps total spending as a percentage of GDP and requires the passage of a balanced budget amendment before raising the nation's debt limit.
"Our debt crisis is a result of Washington spending money it does not have and leaving the American people--both of today and future generations--with the devastating tab," said Aderholt. "Spending money we do not have is the problem, so controlling Washington's spending must be part of the solution. The Cut, Cap and Balance Act delivers immediate spending cuts, puts in place reasonable spending limits going forward, and requires Washington live within its means from here on out."
"Since the President took office in 2009, the National debt has increased by $3.7 trillion and today the national debt stands at nearly $14.3 trillion dollars. That's $46,000 per American citizen. We cannot continue down the same path and expect a different result. The measures put in place through the Cut, Cap and Balance Act are important steps to getting America on a fiscally responsible path. I am proud to support such a common sense solution and help get our country back on the right track," concluded Aderholt.