Several Republican members of the House of Representatives are urging speaker Nancy Pelosi, D-Calif., to take a “modest” step toward controlling the national debt by sticking to Congress’ current spending limits.
“As you know, our nation recently surpassed $22 trillion in debt,” explains the letter spearheaded by Rep. Chip Roy, R-Texas, and signed by dozens of other members. “With every hour that passes, we add $100 million to that figure. That is unconscionable. That must end.”
The letter goes on to point out that, even at current spending levels with the same currently low interest rates, “spending on interest alone will surpass defense spending within 5 years.” It also points out that Medicare and Social Security are slated to run out of money in the next few years.
“The good news is that current law is on our side to restrain spending,” the letter continues. “Congress should hold overall spending to the caps levels already in place while ensuring our men and women in uniform have the tools necessary to do their job. Doing so would be a modest step on a path towards balancing the budget.”
The Budget Control Act of 2011 is another example of Washington D.C.’s seemingly never-ending, debt-increasing budgetary pageantry.
As a Congressional Research Service report explains, the BCA was originally passed with enforcement mechanisms to control spending and the debt. However, raising spending limits and the debt ceiling have pretty much become regular occurrences on Capitol Hill.
Roy recently called out efforts by Congressional leadership to raise the debt limit, saying, “Only in Washington is it considered appropriate to endlessly lift one’s borrowing limit without even a hint of shame or a plan to stop it.”
“If we can’t at least agree to stick to the [spending] caps, we will cease to be the ‘land of opportunity,’ where one’s circumstances at birth needn’t define one’s life trajectory,” the new letter concludes. “Hold to the caps, budget like American families do every day, and let’s work on a bipartisan basis to ensure a bright future for our sons and daughters.”
Current signatories include Reps. Jim Jordan, Ohio; Mark Meadows, N.C.; Andy Biggs, Ariz.; Louie Gohmert, Texas; Ken Buck, Colo.; Thomas Massie, Ky.; Justin Amash, Mich.; Jeff Duncan, S.C.; and Warren Davidson, Ohio.
The letter will be sent to the speaker’s office on Friday, a press release explains, and Roy’s office will continue to collect signatures until it is sent over.