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John Sanchez on Budget & Economy

 


Cut spending & cap budget without raising taxes

Today I join conservatives across America in opposition to the Senate passed debt legislation. While I applaud the fact that it does not raise taxes, it does not go far enough to cut spending or cap and balance the budget. The lack of a concrete balanced budget amendment while adding to our current $14 trillion debt is not the answer to our country's economic problems.

Further, the creation of a new federal commission to lament the budget makes no sense to me. There are 535 men and women in Washington who were elected to make tough decisions. They need to do what they were elected to do: make the tough decisions to cut spending, cap the federal budget and pass a balanced budget amendment. Financially, America is sinking. I ask members of the U.S. Senate, rather than grabbing a bigger bucket to bail with, why not work on plugging the hole?

Source: 2012 Senate campaign website, SanchezForUSSenate.com , Sep 16, 2011

Demand a Balanced Budget amendment.

Sanchez signed the Contract From America

The Contract from America, clause 3. Demand a Balanced Budget:

Begin the Constitutional amendment process to require a balanced budget with a two-thirds majority needed for any tax hike.

Source: The Contract From America 10-CFA03 on Jul 8, 2010

Limit federal spending growth to per-capita inflation rate.

Sanchez signed the Contract From America

The Contract from America, clause 6. End Runaway Government Spending:

Impose a statutory cap limiting the annual growth in total federal spending to the sum of the inflation rate plus the percentage of population growth.

Source: The Contract From America 10-CFA06 on Jul 8, 2010

Supports the Cut-Cap-and-Balance Pledge.

Sanchez signed the Cut-Cap-and-Balance Pledge to limit government

[The Cut-Cap-and-Balance Pledge is sponsored by a coalition of several hundred Tea Party, limited-government, and conservative organizations].

Despite our nation's staggering $14.4 trillion debt, there are many Members of the U.S. House and Senate who want to raise our nation's debt limit without making permanent reforms in our fiscal policies. We believe that this is a fiscally irresponsible position that would place America on the Road to Ruin. At the same time, we believe that the current debate over raising the debt limit provides a historic opportunity to focus public attention, and then public policy, on a path to a balanced budget and paying down our debt.

We believe that the "Cut, Cap, Balance" plan for substantial spending cuts in FY 2012, a statutory spending cap, and Congressional passage of a Balanced Budget Amendment to the Constitution is the minimum necessary precondition to raising the debt limit. The ultimate goal is to get us back to a point where increases in the debt limit are no longer necessary. If you agree, take the Cut, Cap, Balance Pledge!

    I pledge to urge my Senators and Member of the House of Representatives to oppose any debt limit increase unless all three of the following conditions have been met:
  1. Cut: Substantial cuts in spending that will reduce the deficit next year and thereafter.
  2. Cap: Enforceable spending caps that will put federal spending on a path to a balanced budget.
  3. Balance: Congressional passage of a Balanced Budget Amendment to the U.S. Constitution -- but only if it includes both a spending limitation and a super-majority for raising taxes, in addition to balancing revenues and expenses.
Source: Cut-Cap-and-Balance Pledge 12-CCB on Jan 1, 2012

Other candidates on Budget & Economy: John Sanchez on other issues:
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Page last updated: Aug 08, 2014