It's time for serious fiscal reform in Washington.
Congress passed a budget deal last week that cut less than 3% of the current annual deficit. I would have voted NO on that "$38 billion" agreement, even if it hadn't included smoke and mirror gimmicks. It was not a serious response to our fiscal crisis.
Our national debt is a moral issue. We cannot allow our children and grandchildren to be saddled with trillions in debt because their parents and grandparents were too irresponsible to live within their means. That's exactly what President Obama is doing with out-of-control federal spending.
I'm running for U.S. Senate to help lead the charge to get serious about cutting government spending and our exploding debt and deficit. If you agree, please consider giving $10, $25, or $50 to help us win.
Last week saw Republicans patting themselves on the back for cutting less than 3% of the annual deficit (and even that was through accounting tricks). That was a mistake.
And, even more disturbing, President Obama publicly went on the offensive, attacking these minor Republican cuts as too much. And he made clear that he has no interest in being serious about the budget, giving a national speech that was both dishonest and hyper-partisan—attacking Rep. Paul Ryan's serious and courageous budget proposal.
President Obama's only answer is more and more taxes, and doing nothing to address fundamental entitlement reform and our crushing $14 trillion debt.
As a result of the President drawing the battle lines and refusing to accept the 2010 election results, prospects for any real progress cutting government spending are not encouraging. Indeed, recognizing that reality, the outlook on U.S. Treasury securities was just downgraded to "negative" by the Standard & Poor's credit rating firm—a truly ominous development.
All this reinforces the following points on our nation's fiscal crisis:
- We urgently need to pass a balanced budget amendment to the Constitution that includes limiting federal spending and requires a two-thirds congressional super majority to raise taxes, as Senator Mike Lee has introduced.
- We must make real spending cuts—that means substantially more than a so-called $38 billion spending cut. Eliminating 3% of the deficit should not even be a debate or considered a victory. We need to go much further.
- We must stop President Obama's plan for any tax hikes, including his massive stealth increases on the middle-class.
- As the budget debate rages in Texas, the state legislature should balance the budget without raising taxes or tapping the rainy day fund. There is simply no reason not to make the necessary spending cuts, even while maintaining essential services.
Texans and Americans are ready for strong leaders—committed conservatives—to significantly reduce government spending and to avoid saddling our children and grandchildren with trillions of dollars of debt they cannot pay.
If you agree with our urge for real fiscal restraint, please consider contributing $10, $25, or $50 to join our Senate campaign today. Let's send a strong message to Washington and Austin that it's time to get serious about cutting spending and limiting government.
P.S. You may have seen that we raised more than $1 million in the first fundraising quarter of this year. That shows an extraordinary response to our campaign and gives us tremendous momentum to build on…
Wednesday, April 20, 2011
Time for Serious Fiscal Reform
The candidate, Ted Cruz, will be our Keynote speaker at the Reagan Day Dinner on April 30. There are a few seats to be filled. Go the Titus County Republican Party website www.titusgop.org and get your reservation in.
Posted by Titus GOP at 8:26 PM