It's a Start: Cutting Spending, Changing Washington
For the first time in modern history, Washington will be spending less money next year than it is this year. By making the first cut to baseline discretionary spending in more than a decade and enacting budgetary caps, the Fiscal Responsibility Act will reduce spending and save taxpayers an estimated $2.1 trillion.
While this bill does not include everything I would have liked, it is important to remember how we got here. President Biden’s long-stated position was simply not to negotiate. The President was willing to put his foot on the gas of the Washington spending machine and make no reforms to spending while driving our nation further into debt. The President even refused to meet with Speaker McCarthy for nearly 100 days. Meanwhile the Senate, led by Chuck Schumer (D-NY), didn’t hold a single vote on the debt ceiling in either March or April. It was a united House Republican Conference that forced the President and Senate Democrats to the table by passing The Limit, Save, Grow Act on April 26th.
In divided government, no one gets everything they want. With House Republicans having only a slim majority and facing liberal opposition at every turn, saving $2,100,000,000,000 is a solid start. However, with our nation over $31 trillion in debt there is much more work that needs to be done.
Right after last Wednesday's vote, I provided a live update to residents across the 4th District. You can watch the video below for further detail and some of my additional thoughts regarding the Fiscal Responsibility Act.