Rep. Lou Barletta (PA-11) voted for a Fiscal Year 2013 budget that balances the budget in as little as a decade, repeals President Obama's healthcare law, reforms the tax code, prevents devastating cuts to our national defense, preserves Medicare for future generations, and cuts trillions in federal spending over the next 10 years.
"President Obama's fiscal policies and economic agenda have made the economy worse, and they've failed our job creators, senior citizens, and future generations. The president's latest budget calls for more failed attempts to tax, spend, borrow, and bail out our way to job creation. We can't keep spending money we don't have, and we cannot tax our way to prosperity," Rep. Barletta said. "Right now, our national debt is nearing $15.5 trillion, yet President Obama introduces budget after budget that increase our debt by trillions more, and Senate Democrats have refused to introduce a budget in almost 1,100 days. It's time for the president and the Senate to stop blocking our jobs bills and pass a budget.
"I came to Washington to fix our problems, not hide from them, and one of the biggest problems we need to fix is the out-of-control federal spending. The budget I voted for has many critically necessary elements that cut spending, protect the benefits of older Americans, and preserve safety net programs for younger Americans," Rep. Barletta added.
The budget Rep. Barletta voted for:
* Cuts spending by $5 trillion relative to President Obama's budget;
* Consolidates the current six individual income tax brackets into just two low brackets of 10 and 25 percent and repeals the Alternative Minimum Tax;
* Brings deficits below 3 percent of GDP by 2015, reduces deficits by over $3 trillion relative to President Obama's budget, and puts the budget on a path to balance;
* Prevents deep, indiscriminate "sequestration" cuts to defense and keeps America safe by providing $554 billion for the next fiscal year for national defense spending;
* Repeals President Obama's healthcare law.
Wednesday night, President Obama's budget did not receive a single vote in the House -- even members of his own party voted against President Obama's budget. That budget proposal would never balance the budget. Since President Obama took office in January 2009, the national debt has increased by $4.7 trillion, or 45 percent in just three years.
"The budget I supported will cut excessive government spending, reform the tax code, protect vital programs for seniors and near-seniors, and protect our national defense," Rep. Barletta said.