The Boozman Bulletin: Memo on Fiscal Responsibility

John Boozman
2013-03-27 17:20:28
John Boozman, United States Senator for Arkansas E-Newsletter
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The Boozman Bulletin: Memo on Fiscal Responsibility

We must end the borrow and spend mentality that is so pervasive in Washington today. We can start by doing the most basic job of governing, which is passing a budget. There is finally progress on this front in the Senate where, for the first time in nearly four years, the Senate Budget Committee and the chamber debated and .

Unfortunately, I couldn't support this budget plan because it falls short of what we need to get our fiscal house in order and get our economy back on track. It’s clear that our nation is on a fiscally irresponsible path and it’s time to roll up our sleeves and make some difficult decisions so our children can inherit a strong country. Instead this budget plan raises $1.5 trillion in taxes and adds $7.3 trillion to our national debt.

While I believe we can get started on the right path to fiscal health with a balanced budget amendment to the Constitution, I also believe that we need to make cuts to the wasteful and duplicative programs that Washington funds. Spending cuts are the approach that we need to take instead of increasing taxes on hardworking Americans. 

In an effort to cut Washington spending by a trillion dollars, President Obama proposed and agreed to across-the-board cuts in 2011, known as sequestration. To avoid these automatic cuts, members of the joint deficit reduction committee, commonly referred to as the supercommittee were tasked with cutting more than $1 trillion in deficit spending. As you may remember, the committee failed to make the necessary cuts. Because Congress failed to make reach an agreement on budget cuts, .

In legislation Congress passed last week to fund the government for the remainder of the fiscal year, we gave with how they cut their budgets in order to minimize the impact of sequestration.

While I believe cutting spending is essential to putting our country on the path to fiscal responsibility, indiscriminately cutting everything is not the best policy. We don’t need to take a meat cleaver to our entire budget. I am committed to holding the line on reducing government spending, but there is a more practical way to eliminate expenses that better utilizes taxpayer dollars.

I want to know what you think. so we can understand what actions you think we should to get our country back on sound financial footing.

Quick Takes:

  • Keystone XL Clears Another Hurdle: It’s important to develop an energy policy that uses our natural resources and puts us on the path to energy independence. We can start moving our country in this direction with the construction of the Keystone XL pipeline, which recently cleared"another major hurdle.
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