Today, Rep. Scott Tipton (R-CO) issued this statement following House passage of the Require a PLAN Act (H.R. 444), which would require the White House to submit a balanced budget. Should the White House fail to do so, the bill requires the president to provide a supplemental budget plan by April 1, 2013 that would identify when the budget would be balanced.
“Every year, for the past four years, the federal government has spent over a trillion dollars more than it took in, resulting in $5.8 trillion being added to the national debt under the president’s watch. The American people, who have to balance their budgets every day, want to know why Washington can’t do the same, and so do I. The House will pass a balanced budget this year, as it has the past two years. It’s time that the Senate and president join us in this commonsense effort to get our nation’s debt under control, while protecting vital programs including Medicare and Social Security for future generations. However, the president won’t even admit that Washington has a spending problem, and rather than discuss real solutions to address the spending crisis, wants to instead feed the problem by raising taxes on American families and small businesses. For the fourth time in five years, the President missed his deadline to submit a budget to Congress. Along with the Senate, the president has blocked House passed efforts to reform spending, replace sequestration with strategic and economically sound spending reforms, and provide certainty for our nation’s economy. The Require a PLAN Act forces the president to get serious about spending and submit a balanced budget to Congress. Washington cannot continue to put off spending reform and jeopardize our children and grandchildren’s futures with unsustainable federal debt. The time to act is now, and this legislation is an invitation for the president to join the House at the table and pass a balanced budget.”