Pence: "Our Nation Is Facing A Fiscal Crisis Of Epic Proportions"

Statement

U.S. Congressman Mike Pence made the following statement today on the floor of the U.S. House, calling for a Spending Limit Amendment to the U.S. Constitution:

"Federal spending is out of control, and the American people know it. Our nation is facing a fiscal crisis of epic proportions. In the past five years, federal spending has climbed from an historic average of 20 percent of the American economy to nearly 25 percent today, and it's rising. According to the Congressional Budget Office, the first five months of this fiscal year the federal government ran a deficit of $655 billion, keeping the country on track for a record $1.6 trillion deficit this year.

"After years of trying to rein in federal spending under Republican and Democrat administrations, the American people want fiscal discipline and they want new ideas. That's why Congressmen Jeb Hensarling, John Campbell, and myself introduced the Spending Limit Amendment to the Constitution of the United States. Under our amendment, absent a declaration of war and a two-thirds vote in the Congress, Congress would be required to adhere to its historic percentage of the economy.

"For the last 60 years we've only taken 20 cents on the American dollar out of this economy. It's time we put that limit in the Constitution of the United States. If we fail to act, our children will be less free, less prosperous, and less secure. It's time for a Spending Limit Amendment to the Constitution of the United States."

Source