Congressman Tim Scott (SC-01) today released the following statement after voting NO on Senator Harry Reid's debt reduction "plan." The bill failed in the House of Representatives by a vote of 173-246.
"Simply put, Senator Reid's proposal accomplishes nothing. It makes no attempt to fundamentally change the way Washington spends taxpayer dollars, and is purely political posturing.
We all know this is a serious situation, and I believe everyone wants to see resolution. But we cannot make a deal just to make a deal -- we have to do what is best for our children and grandchildren. Real change must come now, not in six months, not in a year or two years.
I remain committed to the concept of Cut, Cap, and Balance, and the Reid bill accomplishes none of those. Counting declining war spending which was already going to occur gets us nowhere, and without that this bill cuts less than a trillion dollars in the next 10 years. Not to mention, it does not include spending caps or a Balanced Budget Amendment. That is unacceptable."