The single greatest threat to our nation’s future – to the future we owe to our children – is Washington's failure to adopt a specific, credible plan to address our rapidly growing national debt. The plain truth is that Washington spends more than it takes in. And it borrows more than 40 cents for every dollar spent.
The U.S. is mired in over $19 trillion of debt—roughly the same size as our annual national economy. Five trillion dollars of that has been added since 2008 under the Obama administration.
There is no way to spin it, no matter how hard Democrats try: our current path is unsustainable.
After Hoosiers sent Todd to Washington, the national debate changed. Arguments in the halls of Congress now focus on how much to responsibly cut, not how much to spend. Thanks to the efforts of Todd and other Republicans, discretionary spending has been lower for the past two years—for the first time ever.
Todd is in Congress to make sure that spending is even lower next year, and the year after. The future of this nation – of our children – is too important to let government spending continue to rage out of control.
Here are some specific pieces of legislation Todd has supported to cut spending and balance the budget:
- He voted in favor of the Balanced Budget Amendment. Hoosier families can't spend more than they earn without quickly going bankrupt, and the federal government should be no different.
- As a Budget Committee member, Todd helped craft a federal budget last year that cut $6 trillion over the next decade. It gradually brought the budget into balance, so we can pay down the debt.
- He was a co-sponsor of the Cut, Cap and Balance debt limit legislation, which would have cut federal spending for two years, implemented enforceable spending caps, and added a Balanced Budget Amendment to the Constitution.
- Todd was recognized by the Heritage Foundation for being one of only a few dozen legislators who voted for every non-defense related spending cut amendment during the government shutdown debate in 2011.