From the office of Rep. Adam Kinzinger (R, Ill. 11th District)…
Washington, D.C. – Today Congressman Adam Kinzinger (IL-11) issued the following statement in support of the revised Budget Control Act. The measure passed the House by a vote of 269 to 161.
“Over the course of seven months, House Republicans have changed the conversation in Washington from where to spend, to where to cut and how much. This legislation reverses the failed trajectory of our country.
“The bipartisan approach forces Washington to maintain a strong focus on cutting spending and includes much of the same framework as the House-passed bill. It cuts more spending than the increase in the debt limit and it does not raise any taxes.
“I share many of the same concerns as our senior military commanders who have expressed apprehension over the possibility of deep cuts to our national defense. In order to preserve the security of our country, it is imperative that there are members with a formidable national security background included on the the joint committee. Our Department of Defense cannot tolerate additional significant cuts.
“This legislation is a realistic approach and another step in putting our nation on the path towards fiscal responsibility. No one walked away from the debt limit plan with everything they wanted. However, in order to protect the full faith and credit of our country, Washington must act on behalf of the American people, not on according to partisan politics.
“Ultimately, failure to increase the debt ceiling or raising taxes on job creators would create an economic catastrophe, hampering investments and placing far greater difficulty on nearly one in ten of our neighbors throughout Illinois who are struggling to find a job. Defaulting on our debt or raising taxes in a downward economy are simply not options. This legislation prevents a national default which otherwise threatens our financial growth as well as the national security of our country.”
Background:
- This plan cuts and controls spending by $917 billion over 10 years.*
- Raises the debt ceiling by $900 billion until approximately February.
- In order to raise the debt ceiling again, Congress and the President must enact spending cuts of a larger amount first.
- Upon passage, this plan would mark the deepest spending cuts since World War II.
- According to the House Budget Committee, the Budget Control Act includes about two-thirds of the discretionary spending cuts in the 2012 House-passed budget.
*Certified by the Congressional Budget Office