I am a cosponsor of the Cut Cap & Balance legislation which includes the Balanced Budget Amendment. It would reduce federal spending by as much as $6 trillion dollars over 10 years. Unfortunately it did not pass the Senate.
This legislation would have best served our nations long-term economic & national security interests... The final debt limit agreement although more limited in scope is a step in the right direction. The agreement rejects the tax-and-spend policies advocated by the White House & Democrat-controlled Senate and takes constructive steps in the direction of fiscal responsibility.
--U.S. Senator Kay Bailey Hutchison
