Spending Cuts and Debt
For the first time in our nation’s history, the United States has recently run multiple trillion dollar deficits. Our debt is $16 trillion and climbing each day. If our debt were divided up, each person in America would owe more than $50,000—that’s more than the median household income for the state of Indiana. The nonpartisan Congressional Budget Office has predicted that the situation could get even worse, and our debt could be as high as 87% of Gross Domestic Product (GDP) by 2023.
Congress must take immediate action to reduce spending and balance our budget. The math is simple: we cannot continue to spend money we simply do not have and saddle future generations with unsustainable levels of debt. Hoosiers work hard to live within their means and so should Congress.
Getting our fiscal house in order will not be easy. Tough choices will must be made. But Indiana was able to do it, and so can our federal government. I am proud to have participated in Indiana’s financial turnaround during my time in the state legislature, and while on the House Budget Committee I am committed to bringing Hoosier common sense to our nation’s budget discussions. America needs pro-growth policies that will offer economic opportunity, and eliminate the regulatory and tax burdens that restrict job growth.
More on Spending Cuts and Debt
WASHINGTON, D.C. – Rep. Jackie Walorski (IN-02) issued the following statement after the House passed legislation providing certainty to individuals, families, charities, and job creators. The Protecting Americans from Tax Hikes (PATH) Act of 2015, would suspend the medical device tax and make the Research and Development (R&D) Credit and Section 179 expensing permanent:
WASHINGTON, D.C. – The U.S. House of Representatives today passed the Military Construction and Veterans Affairs and Related Agencies Appropriations Act (H.R. 4486), by a vote of 416-1.
This bill, which is the annual funding bill for military construction and veteran’s affairs, increases funding for veterans programs by $1.5 billion dollars while still spending $1.8 billion less than last year’s funding bill.
WASHINGTON, D.C. – Congresswoman Jackie Walorski (IN-02) released the following statement after the House Budget Resolution for Fiscal Year 2015 was passed by the House Budget Committee today:
“As a member of the House Budget Committee, I want to thank my colleagues for their hard work in creating a budget that will balance in 10 years, spur economic growth, and promote job creation. Hoosiers understand that a budget that balances creates jobs.
WASHINGTON, D.C. – Congresswoman Jackie Walorski, a member of the House Budget Committee, released the following statement regarding passage of the Bipartisan Budget Act of 2013:
“Hoosiers sit around their kitchen tables and make tough choices to keep a budget, and they expect Washington to do the same. Today, the House took a step in the right direction by passing a budget plan with bipartisan support. This deal is not perfect, but it serves as a building block for deficit reduction and long term reforms—without raising taxes.
WASHINGTON, D.C.- Congresswoman Jackie Walorski released the following statement after the House passed H.R. 2775, the Continuing Appropriations Act, 2014:
“As I have said before, I do not support defaulting on our nation’s debt. Tonight, I am glad that a deal was reached to temporarily avoid default and reopen the government, allowing more time for the House and Senate to reach a long-term compromise. However, without any spending cuts or budget reforms aimed at getting our fiscal house in order, I could not support this plan.
WASHINGTON, D.C. – Congresswoman Jackie Walorski released the following statement after House passage of the National Emergency Disaster Recovery Act (H.J.Res.85) and the Nutrition Assistance for Low-Income Women and Children Act (H.J.Res.75):
WASHINGTON, D.C. – Congresswoman Jackie Walorski (IN-02) released the following statement after the House offered bills to support veterans and reopen national parks and museums, despite a lapse in appropriations from the government shutdown:
“Today my office received a phone call from a veteran concerned about losing VA health services. A group of World War II veterans flew all the way to our nation’s capital on an Honor Flight to visit the World War II Memorial and found barricades. This is an unacceptable way to repay our nation’s war heroes.”
WASHINGTON, D.C. - Congresswoman Jackie Walorski (IN-02) tonight voted for a continuing resolution that prevents a government shutdown, eliminates Obamacare subsidies for the President, Members of Congress, and their staff, and delays the individual mandate. Walorski is an original co-sponsor of the James Madison Congressional Accountability Act, a bill included in the continuing resolution to prevent special Obamacare subsidies for the President, Members of Congress, and their staff.
WASHINGTON, D.C. – Congresswoman Jackie Walorski (IN-02) voted to avert a government shutdown, while delaying Obamacare for one year and repealing the medical device tax.
WASHINGTON, D.C. – Congresswoman Jackie Walorski (IN-02) released the following statement regarding House passage of H.J. Res. 59, the Continuing Appropriations Resolution, 2014:
“Today the House sent a message to the American people that we are committed to keeping the government open and defunding Obamacare.