The challenge facing Congress today is balancing short-term stimulus and support of our economy with the long-term necessity of deficit reduction.
However, in the House Budget Enforcement Resolution, the U.S. House of Representatives took a step forward in limiting regular discretionary spending for 2011 by providing a level that is $7 billion below the President's request and $3 billion below the level passed by the Senate Budget Committee.
Establishing this discretionary spending total has allowed the 2011 Appropriations process to move forward with enforceable limits. I am pleased to have voted in favor of this Budget Enforcement Resolution which reflects Congress's desire to work towards fiscal responsibility.
In addition, the passage of the Patient Protection and Affordable Care Act is estimated by the Congressional Budget Office (CBO) to cut the deficit by $143 billion over the next 10 years and by $1.2 trillion in the following decade.
It might also be of interest to know Social Security does not contribute to our deficit -- it is a program that pays for itself and is in surplus.