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| Steve Pearce |
Washington, DC (July 20, 2011) Yesterday, Congressman Steve Pearce voted to pass H.R. 2560, the “Cut, Cap and Balance Act of 2011.” The President has asked that Congress raise the debt ceiling, which the Treasury has said will be reached on August 2nd. In response, Cut, Cap and Balance proposes long-term solutions to our national debt crisis. “Our country is spending $3.5 trillion for every $2.2 trillion we take in,” said Pearce. “For over two years, we’ve tried spending our way out of debt, and we’ve seen the consequences: rising unemployment, inflation, skyrocketing gas prices, and record foreclosure rates. The American people said in November that they want change; they want to stop spending money we don’t have. Instead of real solutions to our debt problem, the White House has only suggested job-killing tax increases, while threatening to veto any real plan. Last night’s vote is a much-needed step toward a balanced budget and responsible use of taxpayer dollars.”
The President said last week that “we don’t need a constitutional amendment to do our jobs,” but in less than three years in office, the President has already increased the national debt by 3.7 trillion. This is more than the entire national debt accumulated between 1776 and 1992. The Cut, Cap, and Balance Act provides a long-term plan to address the nation’s out-of-control debt problem.
Rep. Pearce has been in active communication with constituents on the debt limit issue, including discussions at town hall meetings, email surveys, on Facebook, and through other interaction. In a recent email survey to 47,000 constituents, over 83 percent of those who responded said that they do not support legislation like what the President asked for—a debt limit increase with no corresponding spending cuts. An overwhelming 93 percent said that Washington is not doing enough to address our national debt, and over 97 percent, said that the national debt is important to them, with 92% calling it “very important.”
Steve Pearce Calls on President, Senate to Take Action to Face Our Nation’s Debt Crisis
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