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

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

Finally, after weeks of negotiation, House Republicans brought a water resources bill to the Floor.  

12/8/16

As the Republican-led 114th Congress comes to an end, it’s clear that this Congress has become yet another closed, unproductive, do-nothing Congress.

12/6/16

The nominations of Steven Mnuchin as Treasury Secretary and Wilbur Ross as Commerce Secretary reveal an incoming administration that is seriously out of touch with working Americans. 

11/29/16

I want to thank my friend Rep. Sandy Levin for his service as Ranking Member of the Ways and Means Committee and, previously, as its Chair.

11/29/16

The report released on Friday by the Treasury Department demonstrates both the enormous progress made under President Obama to bring deficits down as well as the significant challenges that still remain to achieve fiscal sustainability. 

10/17/16

The Bureau of Labor Statistics report released this morning demonstrates that the solid pace of our jobs recovery is continuing, with September marking six years of continual job growth. 

10/7/16

I’m pleased that Republicans and Democrats in the House of Representatives reached an agreement this week and passed legislation to avoid a government shutdown. 

9/30/16

Tonight’s actions by the House will prevent a government shutdown, and I am pleased that Democrats and Republicans were able to reach an agreement to keep the government open before Friday’s deadline.  

9/28/16

As Congress prepares to adjourn at the end of the week, it’s clear that the Republican-led 114th Congress has become yet another closed, unproductive, do-nothing Congress.

9/27/16