Fiscal Responsibility

Democrats have led the fight to restore fiscal responsibility. President George W. Bush and Congressional Republicans left a record of fiscal recklessness that turned historic budget surpluses into massive deficits by borrowing trillions of dollars to finance two wars while enacting huge tax cuts aimed at the wealthy. Deficits and debt are a serious long term problem that will require tough choices in the years ahead. As Democrats work first to invest in economic recovery and job creation, we are also working to put our country back on a path to a sustainable fiscal outlook.

Unfortunately, House Republicans have repeatedly held our economy hostage to their ideological agenda, whether creating artificial “fiscal cliffs,” shutting down the government, or bringing our nation to the brink of defaulting on its obligations.

Democrats are committed to reducing the deficit in a responsible way. Both parties must work together to strengthen our entitlements; help support job creation; and protect the middle class, seniors and the most vulnerable. To restore our country’s fiscal sustainability, we must adopt a balanced approach that includes both responsible spending cuts and increased revenues. When Democrats controlled Congress, we restored the pay-as-you-go law, which requires Congress to find a dollar of savings for every dollar it spends, and which and helped create budget surpluses under President Clinton.

Fiscal Responsibility Related

Rep. [Ruben] Gallego, thank you very much for inviting us to this press conference. I had a colloquy on the Floor with the Majority Leader last week, and I asked him whether or not we were going to have the issue of the border wall that was going to be open for amendment and open for debate.

7/25/17

Republicans control the House, the Senate, and the White House, and they have a responsibility to govern and deliver results for the American people. Yet, over halfway through the year, Republicans have no major legislative accomplishments. 

7/19/17

Today’s GOP quote of the day is a good reminder for our Republican friends that budget/shut down/debt limit brinksmanship hasn’t gotten them anywhere in the past. With only six weeks in session before the August recess, and no proposed budget, no approps bills passed, and a pressing need to raise the debt limit, we’ll see whether they listen to Republican Study Committee Chair Mark Walker (R-NC). From CQ’s Budget Tracker:

6/12/17

Thank you very much Ranking Member Waters who has done such a great job at protecting our consumers and our financial stability. 

6/8/17

With control of both chambers of Congress and the White House, Republicans have a responsibility to lead and get things done on behalf of the American people. 

6/5/17

This week, President Trump released his budget for fiscal year 2018. His proposal makes draconian cuts to programs that help working Americans get ahead in order to pay for tax cuts for the wealthy. 

5/26/17

Today, President Trump released his budget proposal for Fiscal Year 2018. According to press reports, Trump’s budget makes it clear that he is not fighting for working Americans and their families.

5/23/17

The House began the week on a bipartisan basis, with a majority of Democrats and Republicans coming together to support a bill to fund the government for the remainder of the fiscal year.

5/5/17

Thank you very much. I am pleased to rise in support of this legislation.

5/3/17

The decision today by Puerto Rico’s governor to seek a judicial reorganization of the island’s debts and put its finances on solid footing is the responsible thing to do.  

5/3/17

I am so pleased to be here, in the House. I am not pleased that we are considering a Continuing Resolution.

4/28/17

I am so pleased to be here, in the House. I am not pleased that we are considering a Continuing Resolution.

4/28/17