Today, U.S. Representative Jim Renacci (OH-16) issued the following statement regarding his intent to vote against H.J.Res. 77, a Resolution of Disapproval that if approved by both chambers of Congress would prevent the debt ceiling from being raised:
"There can be no doubt our massive deficits are out of control. As a way to begin the process of reining in our runaway away spending, last month I joined a majority of my colleagues in voting for the Budget Control Act. That bill will result in more than $2 trillion in cuts to federal spending. It is my hope the cutting does not stop there. However, Congress must focus its attention on fostering private sector job growth while the Deficit Reduction Committee set up through that legislation works on its plan.
"We should not be re-visiting issues that were settled during the contentious debates of this summer or wasting time on politically motivated votes while almost one in ten Americans are out of work. H.J.Res. 77 is an unnecessary distraction and defaulting on our debt would have dire consequences for our economy. Therefore, I cannot support the resolution of disapproval."
Rep. Renacci is serving his first term in the U.S. House of Representatives, where he is a member of the Financial Services Committee. Prior to his election he worked as a Certified Public Accountant in the health care industry, and owned and operated over 60 other businesses in the automotive and sports management fields.