We are facing a debt crisis of unprecedented magnitude. If we do not act soon, we will be the first generation to leave our children with a lower standard of living. I will not stand by and let that happen.
The first step towards strengthening our economy is to put our own fiscal house in order. Congress has cut discretionary spending for two years in a row for the first time since World War II, cutting approximately $100 billion of budget expenditures. But more needs to be done.
There are several upcoming opportunities to address government spending. At the beginning of March, the steep automatic spending cuts known as "sequestration" went into effect. In late spring, the Treasury Department will run out of funds to cover U.S. debts and it will be up to Congress to raise the debt ceiling to prevent default. While I want to prevent any harmful effects of sequestration and government default, we must utilize this moment to bring the issue of spending to the forefront of the legislative agenda, force the Administration to negotiate spending cuts in good faith, and put our budget on a path to balance.
I have always fought for policies that are pro-middle class, provide meaningful tax relief, and reduce unnecessary government spending -- and I will continue to do so in the 113th Congress with even greater urgency as we take on this debt crisis. Thank you again for sharing your views. Please stay in touch.