Today, U.S. Senator Richard Burr (R-NC) issued the following statement regarding legislation that passed out of the House of Representatives to address our nation’s debt ceiling and current fiscal crisis.
“Tonight, history was made as the House of Representatives passed a proposal that required spending cuts in order for the debt ceiling to be increased. This common-sense, but long overdue, action was absolutely vital to stop the practice of ‘spend and borrow’ that has been commonplace for so long in Washington. By passing this proposal, a strong precedent was set that any increase in the debt must be accompanied by equal cuts in spending, and through this debate we have shifted the focus from spending to actual cuts in spending.
“Since the beginning of this debate, I have said that the top priorities we must address are avoiding default and reining in federal spending. This proposal, while not perfect, does achieve those goals. This debate has changed the way Washington and all Americans view our national debt and our out-of-control spending problem, and while it does not go far enough to address the issue of our budget process, it takes a big step towards putting our nation on track to fiscal responsibility.”