All the red ink - as much as $9 trillion over the next 10 years - has Buchanan, well, seeing red.
He's using the outrage to once again stump for a balanced budget amendment to the Constitution:
Washington D.C. - Rep. Vern Buchanan (FL-13) said today new projections showing the federal deficit exploding to $9 trillion -- up from $7 trillion -- underscores the need for Congress to ratify a constitutional amendment to require a balanced budget.
“It is outrageous and unacceptable that the American people are being told to expect $9 trillion in deficits over the next 10 years,” said Buchanan
"Congress has been unable to stop its reckless, irresponsible spending. As a result our nation is on a path to financial disaster," Buchanan said. "It will be our children and grandchildren who pay the price for Washington's inability to rein in spending."
Buchanan opposed the $1 trillion spending bill masquerading as a "stimulus plan" earlier this year. The Congressman also voted against Speaker Nancy Pelosi's bloated federal budget plan and a proposed national energy tax. "We cannot spend our way to prosperity,” said the Congressman.
“To secure our economic future the President and Congress need to make the tough choices necessary to balance the budget without raising taxes,” added Buchanan. “Anything less would likely worsen the economic downturn, making it more difficult for families to make ends meet.”
“The first bill I introduced in Congress would require a balanced federal budget by 2012,” said Buchanan. “If 49 states can do it, so can the federal government.” Buchanan's bill would require a 3/5 vote for any increases in the debt, that the President submit a balanced budget to Congress, and that any legislation to increase revenue must be passed by a true majority of each chamber – not just a majority of those present and voting.
Buchanan also said he would vote against raising the national debt limit when it is brought before Congress for a vote in the fall.
A balanced budget amendment would be a great start, also reading the bills before they vote on them would be just as great. Ron Paul has introduced a sunshine bill that would require any bill up for a vote to be available for up to 10 days for review. If any additional last minute provisions are added at 3 am in the morning before the vote, the 10 day period would re-apply.
ReplyDeleteGot Verns' Email.
ReplyDeleteBudget Deficits Explodes to Nine Trillion over 10 Years.
Here is what I think.
I think all projections totaled over a period exceeding 24 months are unreliable and misleading. I think those that quote such projections are politicians attempting to bamboozle.
I think if Bush and his congressional and senatorial allies had not dismanatled governmental financial oversights we would not be in this mess.
btw.. I resigned my party affiliation (Republican) this spring and am now registered idependent because of BS Political Grandstanding such as the Nine Trillion Email you sent me.
Cut the crap and be part of solution Mr. Buchanan