Fiscal Responsibility

Democrats have led the fight to restore fiscal responsibility. President George W. Bush and Congressional Republicans left a record of fiscal recklessness that turned historic budget surpluses into massive deficits by borrowing trillions of dollars to finance two wars while enacting huge tax cuts aimed at the wealthy. Deficits and debt are a serious long term problem that will require tough choices in the years ahead. As Democrats work first to invest in economic recovery and job creation, we are also working to put our country back on a path to a sustainable fiscal outlook.

Unfortunately, House Republicans have repeatedly held our economy hostage to their ideological agenda, whether creating artificial “fiscal cliffs,” shutting down the government, or bringing our nation to the brink of defaulting on its obligations.

Democrats are committed to reducing the deficit in a responsible way. Both parties must work together to strengthen our entitlements; help support job creation; and protect the middle class, seniors and the most vulnerable. To restore our country’s fiscal sustainability, we must adopt a balanced approach that includes both responsible spending cuts and increased revenues. When Democrats controlled Congress, we restored the pay-as-you-go law, which requires Congress to find a dollar of savings for every dollar it spends, and which and helped create budget surpluses under President Clinton.

Fiscal Responsibility Related
I continue to be deeply concerned about the legacy we are leaving to future generations through our unwillingness to tackle growing budget deficits and mounting debt. 
6/25/19
The SECURE Act will help American workers and their families save for a secure retirement, and I am proud to bring it to the Floor today for a vote in the House. 
5/23/19
Today the House passed H.R. 1500, the Consumers First Act, introduced by Financial Services Committee Chairwoman Maxine Waters (CA-43). This bill reverses the Trump Administration’s actions to undermine the Consumer Financial Protection Bureau (CFPB).
 
5/22/19
Remember when Republicans claimed to be the party of fiscal responsibility?
9/11/18
We’re all for smart enforcement actions against unfair trade practices, but President Trump’s actions to date have completely missed the mark.
6/26/18
The Congressional Budget Office’s (CBO) long-term outlook shows for the first time the consequences beyond the ten-year budget window of the Republican-led Congress’s tax breaks for the wealthiest.
6/26/18
SHOT:
 
6/8/18
First, let me say, I heard the Gentleman from Georgia’s argument that this money wasn't needed.  I heard that argument a month ago: Ebola money was not needed.  Guess what?  Ebola money was needed.
6/7/18
It is alarming to learn that Medicare will become insolvent in 2026, just eight years from now and three years earlier than previously projected, and that Social Security’s total cost will exceed its total income this year for the first time since 1982, scheduled to become insolvent in 2034.
6/5/18
The Trump Administration seems to be doing the best job at making the argument against its own rescissions proposal.  After an outbreak demonstrated the importance of emergency ebola funding, it dropped its request to rescind those funds. 
6/5/18
Today’s can’t miss headline: U.S. Lifts Debt Sales as Deficit Grows, Plans 2-Month Bills
 
5/2/18
Last week, I completed my third Make It In America Listening Tour with stops in Madison, and Eau Claire, Wisconsin along with Reps. Mark Pocan and Ron Kind.
4/13/18
I thank the Speaker. I thank the Chairman. Ladies and gentlemen, I rise today not so much to oppose this legislation, as to deride it, as a sham. As a fraud. As a pretense of fiscal responsibility.
4/12/18
Today, the House was asked to vote a third time on a defense appropriation bill before reaching a bipartisan agreement on budget caps for the fiscal year.  Democrats strongly support robust funding for our military, and we agree with Pentagon leaders who have said that budget uncertainty hinders military planning and readiness – but it also damages every other government agency as well.
1/30/18
“President Trump seems to forget that, with Republican majorities in the House and Senate, he and his colleagues control all the levers of our government. 
12/6/17
I’m encouraged that President Trump has appointed Jerome H. Powell to chair the Federal Reserve.
11/2/17
Just now on the Floor, Rep. Steve Womack (R-AR) said:
10/5/17
Mr. Speaker, the Budget Act adopted in 1974 requires that the House complete work on its budget for the next fiscal year by April 15. That's 172 days ago.
10/4/17

Rep. [Ruben] Gallego, thank you very much for inviting us to this press conference. I had a colloquy on the Floor with the Majority Leader last week, and I asked him whether or not we were going to have the issue of the border wall that was going to be open for amendment and open for debate.

7/25/17

Republicans control the House, the Senate, and the White House, and they have a responsibility to govern and deliver results for the American people. Yet, over halfway through the year, Republicans have no major legislative accomplishments. 

7/19/17

Today’s GOP quote of the day is a good reminder for our Republican friends that budget/shut down/debt limit brinksmanship hasn’t gotten them anywhere in the past. With only six weeks in session before the August recess, and no proposed budget, no approps bills passed, and a pressing need to raise the debt limit, we’ll see whether they listen to Republican Study Committee Chair Mark Walker (R-NC). From CQ’s Budget Tracker:

6/12/17

Thank you very much Ranking Member Waters who has done such a great job at protecting our consumers and our financial stability. 

6/8/17

With control of both chambers of Congress and the White House, Republicans have a responsibility to lead and get things done on behalf of the American people. 

6/5/17

This week, President Trump released his budget for fiscal year 2018. His proposal makes draconian cuts to programs that help working Americans get ahead in order to pay for tax cuts for the wealthy. 

5/26/17