Conservative Lawmakers: Hiking Debt Ceiling Is ‘Wasted Opportunity’ If Passed Without Reforms

The Daily Signal | 9/1/2017 | Staff
MysticHeart (Posted by) Level 3
Click For Photo:

With the Treasury set to be unable to continue borrowing more Sept. 29, due to the debt limit, conservative lawmakers are looking ahead to what they should do.

“This is my third summer in Congress and it’s the same song and dance every year,” Rep. Mark Walker, chairman of the Republican Study Committee, a caucus of conservative lawmakers in the House of Representatives, told The Daily Signal in a phone interview. The debt limit, or debt ceiling, is how much the nation can borrow.

Walker - Republican - North - Carolina

Walker, a Republican from North Carolina, added:

We understand the ramifications of not raising the debt ceiling, but if we’re going to do that, then why not attach it to some long-term reforms? Not for the sake of just checking the box, but as Republican members to do our due diligence to make sure that we are decreasing the debt that we are leaving on future generations.

Rep - Andy - Biggs - R-Ariz - Daily

Rep. Andy Biggs, R-Ariz. told The Daily Signal that any debt increase should be paired with spending reductions elsewhere.

“If a clean debt limit is passed, it would be a wasted opportunity,” Biggs told The Daily Signal in a phone interview, referring to the practice of raising the debt limit without accompanying spending cuts.

Debt - Limit - Issue - Deductions - Spending

“We need to be using the debt limit issue and start making meaningful and permanent deductions in spending … [to be] moving us toward a balanced budget.”

Rep. Louie Gohmert, R-Texas, is also wary of a debt increase without reform.

Freedom - Caucus - Everything - Republican - Leaders

“The Freedom Caucus was urging, begging, just doing everything we could to get Republican elected leaders to bring the debt ceiling to the floor with some kind of cost control measure before August,” Gohmert said, adding:

Traditionally, conservatives have wanted spending cuts paired with any debt increase, which is what Republicans were able to negotiate in 2011 with the Budget Control Act, which...
(Excerpt) Read more at: The Daily Signal
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!