Tuesday, March 09, 2010

Mike Pence: "It's Time for a Spending Limit Amendment to the Constitution!"


MIKE PENCE
RECLAIMING THE REPUBLICAN PARTY
AND
THE AMERICAN DREAM
by
LTC Robert "Buzz" Patterson
and
Chris Dickson

"If we fail to act, our children will be less
free, less prosperous, and less secure. It's
time for a Spending Limit Amendment to the
Constitution of the United States."

Washington, DC - U.S. Congressman Mike Pence,
Chairman of the House Republican Conference,
gave the following statement today on the floor
of the U.S. House of Representatives on his
proposed Spending Limit Amendment to the
Constitution:

"Federal spending is out of control, and the
American people know it. Our nation is facing
a fiscal crisis of epic proportions. In the
past five years, federal spending has climbed
from an historic average of 20 percent of the
American economy to nearly 25 percent today,
and it's rising. According to the Congressional
Budget Office, the first five months of this
fiscal year the federal government ran a
deficit of $655 billion, keeping the country
on track for a record $1.6 trillion deficit
this year.

"After years of trying to rein in federal
spending under Republican and Democrat
administrations, the American people want
fiscal discipline and they want new ideas.
That's why Congressmen Jeb Hensarling, John
Campbell, and myself introduced the Spending
Limit Amendment to the Constitution of the
United States. Under our amendment, absent a
declaration of war and a two-thirds vote in
the Congress, Congress would be required to
adhere to its historic percentage of the
economy.

"For the last 60 years we've only taken 20
cents on the American dollar out of this economy.
It's time we put that limit in the Constitution
of the United States. If we fail to act, our
children will be less free, less prosperous,
and less secure. It's time for a Spending Limit
Amendment to the Constitution of the United
States."


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