Ms. FOXX. Mr. Speaker, the President is wrong to suggest taking more money away from the American people would ease the effects of his sequester or correct the debt crisis his policies have exacerbated.
Despite high tax revenue, Washington has been overspending by at least $1 trillion each year of the Obama Presidency. When families run out of money, they do the smart thing--stop spending so much. Washington has to do the same, but arbitrarily cutting budgets through sequestration isn't the best way.
Twice since last summer, House Republicans passed legislation to achieve the same savings while completely removing the indiscriminate threat of sequestration. Our plans targeted waste and limited government growth. The President threatened to veto our proposals because they didn't include taxes, and the Senate never agreed on a sequester alternative.
As the President's sequester begins to take effect, I will continue to advocate for common sense: replacing the arbitrary cuts with less wasteful spending and reforms to debt-driving programs.