At today’s full committee markup of the FY2011 Transportation-HUD Appropriations Bill, I offered an amendment that would save taxpayers $12.4 billion dollars by cutting funding to FY2009 levels. The amendment was defeated along a near party-line vote. To view a video of me offering the amendment, please click the play button below.
I am disappointed that our Democrat colleagues rejected yet another opportunity to reduce the deficit. Every dollar this committee appropriates in 2010 is deficit spending because mandatory spending and interest payments on the debt exceed total revenue. We’re living on the national credit card and sending the bill to our children and grandchildren. Our national debt is on track to surpass GDP by 2012, which puts us on the same path as Greece.
I voted against over $2.3 trillion in new spending under the Bush Administration and nearly $7 trillion under the Obama Administration. I will continue to do everything I can to put our country back on a fiscally responsible track.