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

Tonight, President Trump stood before the United States Congress and gave a speech long on rhetoric but short on any real policy agenda.  

2/28/17

Just as we predicted, House Republicans are back to the drawing board on their draft reconciliation bill. From the Hill:

“A day after House conservatives panned a leaked GOP draft ObamaCare replacement plan, a top Republican leader on Tuesday described the proposed legislation as ‘no longer even a viable draft that we’re working off of.’”

2/28/17

Tonight, House Republicans voted unanimously to deny the American people access to the secrets hidden in President Trump's tax returns. 

2/27/17

The budget proposals released by the Trump Administration today double-down on the rejection of math, economics, and common sense that made Republican budgets unrealistic and ill-conceived over the last several years.

2/27/17

As Congressional Republicans head to Philadelphia today for their three-day retreat, we wanted to be sure you had their updated (and by updated, we mean alternative) itinerary. Check it out here:

Wednesday, January 25, 2017

1:00 PM: How to Take Health Care Away from 30 Million Americans

2:00 PM: Town Hall Survival Guide: Planning Your Escape Route

3:00 PM: What Women Want: Lower Wages and No Reproductive Choice

1/25/17

Yesterday, President Trump issued an Executive Order. He imposed a hiring freeze on the federal workforce. 

1/24/17

Today’s report on the budget outlook by the nonpartisan Congressional Budget Office shows that while the actions taken during the Obama Administration are having a positive short-term impact on deficits, our long-term fiscal challenges remain.  

1/24/17

Today’s report by the nonpartisan Congressional Budget Office underscores why so many Americans from across the political spectrum are outraged by Republican plans to move forward with a repeal of the Affordable Care Act without a workable replacement.  

1/17/17

Yesterday’s analysis by the Office of Management and Budget exposes Republicans’ budget resolution for the gimmick it is: nothing more than a partisan effort to take health coverage away from tens of millions of Americans that never achieves balance and adds $9.5 trillion to our national debt over the next ten years. 

1/10/17

The budget resolution introduced today by Senate Republicans represents a brazenly cynical use of the federal budget process to advance the political aim of repealing the Affordable Care Act.  

1/3/17

If President-Elect Trump wishes to implement his economic agenda, which nonpartisan budget experts have said would create unprecedented deficits, it is surprising that he would choose someone like Rep. Mick Mulvaney to serve as his budget director. 

12/18/16

While I believe the House took the appropriate action today to prevent another unnecessary government shutdown, I believe that passing yet another continuing resolution is not the right approach to funding our government.  

12/8/16