RIBBLE VOTES TO AVOID DEFAULT

Aug 1, 2011 Issues: Jobs and the Economy

Washington, D.C.– Representative Reid Ribble (WI-08) today voted in favor of the Budget Control Act of 2011. The bill passed the House 269-161 and will now proceed to the Senate.

“The biggest threat to our country’s long-term economy is not the debt ceiling, but rather the sizeable debt itself,” said Ribble. “The enormous debt that has accumulated through decades of limitless deficit spending has eroded our economy and put our children’s future at risk. I have said time and again that this destructive trend must stop with our generation or future generations are at tremendous risk. This bill begins that process.

“I’ve also said repeatedly that you get out of debt the way you got in it – over time and incrementally – and this is exactly what the Budget Control Act does. I wish it was the bill I helped author, Cut Cap and Balance, but The Budget Control Act achieves something that has not happened in decades: two consecutive years of reduced government spending.  The path to putting our nation’s fiscal house back in order will be long, but at least we’re starting to move in the right direction.

“While the plan does not provide the breadth of spending cuts I would like, it does structurally change our country’s spending habit through enforceable spending caps. It will hold Congress accountable for its spending and for the first time in 15 years, both the House and Senate will have a debate on a Balanced Budget Amendment to the Constitution.

“After accumulating $14.3 trillion debt and facing the threat of default, Congress finally quit bickering, set personal attacks aside and got to work. I wish it were stronger but this plan is a step in the right direction, not only for the government, but for the American people.”

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