On Wednesday, the House of Representatives passed legislation to remove temporarily the nation's debt limit and to allow the U.S. Treasury to borrow unlimited funds to cover obligations through May 18, 2013. Congressman Tim Huelskamp, who opposed lifting the debt limit without any spending cuts, issued the following statement about his vote and Republican leadership promises for the future:
"I cannot support an increase in the debt limit without any spending cuts. But, the irresponsible Senate Democrats have not passed a budget for 1,365 days, and President Obama has refused to provide any solutions to Washington's overspending problem. So, House Republicans have been left to provide the only fiscal leadership in our nation's capital. While voting No on this measure, I am still encouraged by House Republican leadership's commitments to:
"Pass a budget by April that balances within ten years and remains near balance thereafter,
"Permit the March 1 sequester to go forward -- albeit with redirected cuts -- thus holding the House, Senate and President to their legal spending reduction obligations in the Budget Control Act of 2011,
"Adopt a continuing resolution near the end of March at an annual discretionary level of $974 billion, and
"Meet the Boehner rule (at least $1 in cuts for every $1 in new debt) and include no tax increases in any new debt limit increases."