Roe Statement on the Cut, Cap & Balance Act
WASHINGTON D.C. – U.S. Congressman Phil Roe, M.D. (TN-01) released the following statement regarding his vote supporting the Cut, Cap and Balance Act:
We are in the midst of a debt crisis created by decades of irresponsible government spending. The federal government is at a crossroads, and tough decisions must be made. Rhetoric will not lower the deficit and inaction will not cover the Treasury’s bills. That is why I voted for the Cut, Cap and Balance Act, which includes concrete proposals that will help put our country back on a path to stability.
While it’s critical that our government not default on our debt, we need to first enact long-term reforms that prevent runaway spending and lower our long-term debt. This legislation prevents future Congresses from raising spending by putting caps into law to ratchet down the amount the government is allowed to spend each year, bringing spending into line with the historic average. Further, it requires Congress to send a Balanced Budget Constitutional Amendment to the states, which in my view is the most important long-term reform we can achieve.
If we do not pass major enforceable spending cuts, we are weakening our national security and other countries stop viewing us as the world’s leading economy. I urge the Senate to take action and pass this important legislation.
Enforceable Spending Caps:
Cut, Cap and Balance puts into place statutory, enforceable caps to ratchet down the amount the government is allowed to spend each year, bringing spending into line with the historic average of 20% of GDP by 2021.
Balancing the Budget:
“We don’t need a constitutional amendment to do our jobs.” -- President Obama, July 15, 2011
Cut, Cap and Balance requires passage of a Balanced Budget Amendment in order to raise the debt limit. It provides that the president can request a debt ceiling increase only if a qualifying BBA passes Congress and is sent to the states for ratification.