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Showing posts with the label Budget crisis

Letter from Senator Corker

Dear Dr. and Mrs. Fisher, Thank you for taking the time to contact my office regarding the recent debate surrounding the debt ceiling. Your input is important to me, and I appreciate the time you took to share your thoughts. Left to my own accord I would have much rather seen larger spending cuts now, a long-term plan like the CAP Act to put a fiscal straitjacket on Congress, and a constitutional amendment to keep Congress from falling off the wagon, but regrettably, with the current administration and Republican control of only one house of Congress, I believe this was the largest package we could get at this time. In the final analysis I had to ask myself: do I believe two to four more weeks of negotiating would produce a better outcome? The answer is no, and I think it could even get worse. I'm encouraged that passage of this agreement changes the paradigm in Washington by requiring real cuts in order to raise the debt ceiling. I view the $900 billion down payment as a sta...

Letter from Rep. Marsha Blackburn on the Budget

The following is a letter from Rep. Marsha Blackburn to conservative friend Richard Fisher. Dear Dr. Fisher: Thank you for contacting me to share your concerns regarding our nation's budget. As you may know, on August 1, 2011, the House of Representatives passed the Budget Control Act of 2011 (S. 365) by a vote of 269-161. It was subsequently passed the Senate by a vote of 74-26, and was signed into public law by President Obama. I voted for this bill because it accomplishes two vital tasks: it gives the American people the security of avoiding the possibility of default, and it charts a new course for fiscal responsibility. In this bill, we achieved more than two-thirds of Congressman Paul Ryan's budget, and most of the aspects of Cut, Cap, and Balance. It contains real cuts in spending, real caps on future spending, and requires both the Senate and the House to vote on a proposed Balanced Budget Amendment to the Constitution by the end of the year. This bill prevents ou...

Letter from Senator Hutchson.

During the recent debt limit fiasco, I wrote my Senators and Congressman.  I received reasonably lucid respones, which I'll post here. However, I must preface it by saying that words fail me at the level of disdain I feel for people who can only cut $25 billion of spending from a $2.6 Trillion budget..... Here is the letter from Senator Hutchison. Dear Friend: Thank you for contacting me regarding our national debt. I welcome your thoughts and comments. Out-of-control spending has put our economic and national security at risk. Over the past two years, the federal government has posted deficits of $1.4 trillion and $1.3 trillion, respectively. Our nation’s accumulated debt surpassed $14 trillion December 2010, and reached its statutory limit of $14.3 trillion on August 2, 2011. The debate over our nation's debt ceiling agreement presented Congress and the White House with the opportunity to achieve real, substantive spending cuts and reforms that are necessary to p...