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Palmer Opposes Spending Deal, Debt Ceiling Hike

Statement

By:
Date:
Location: Washington, DC

Congressman Gary Palmer (R-AL), a member of the House Budget Committee, voted against H.R. 1314, The Bipartisan Budget Agreement of 2015. The bill would increase spending caps established by the Budget Control Act (a.k.a. sequestration) for the fiscal year 2016-2017 by a combined $80 billion, divided between defense and non-defense spending, and suspends the debt limit until March 15, 2017, allowing for approximately $1.5 trillion in new federal debt.

"Our national debt currently exceeds $18 trillion and this budget deal would guarantee it increases," Palmer said. "It continues the too familiar trend of spending money now with hopes of finding ways to pay for it in the future. For instance, $35 billion of the 'pay-for's' occur in 2025, which is simply unacceptable. Instead of passing this bill, which pushes us in the wrong direction by increasing spending and raising the debt limit, we should have answered the call of the American people to reduce the national debt and balance our budget."

"Equally as bad is the fact that this agreement was negotiated behind closed doors with few participants at the last minute. "


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