COLUMN: GOP Stopping the Reckless Spending Spree
Last November, voters across America, including in the Second Congressional District of South Carolina, ushered in a new wave of conservatism that would put an end to out-of-control government spending fueled by over-reaching policies such as failed stimulus plans. By electing the largest conservative majority in the House since 1946, Washington was sent a very clear message: Stop spending money America does not have and focus on our nation's economy.
House Republicans have passed numerous legislative measures aimed at tackling important issues such as the economy and job creation, America's domestic energy plan to reduce gas prices and freeing small businesses from job-killing regulations.
Forbes magazine recently reported the United States federal government alone will issue as much new debt in 2010 as the rest of the world's governments combined. This administration cannot continue to spend its way out of a recession. Currently, the federal government borrows more than 40 cents of every dollar it spends. It is for this reason House Republicans have chosen to focus on stopping Washington's reckless spending binge. Due to liberals in the Senate neglecting their duties by allowing 800 days to elapse since passing their last budget, the House proposed a resolution of its own. H.Con. Res. 34, was introduced to establish the budget for the federal government for fiscal year 2012. This measure was passed by the House as a way to curb Washington's fiscal carelessness. The federal government's out-of-control spending has created a lost sense of confidence in the economy, a prolonged feeling of uncertainty for our nation's job creators, and a massive amount of debt left to be paid by future generations of Americans. Washington's "spend first, pay later" mentality must be changed. House Republicans are making great strides toward accomplishing this goal.
Small businesses should not be hampered with unnecessary regulations that prevent job creation. The House has taken numerous steps this year to remove many regulations that are not efficient. The government should equip small businesses, the backbone of our nation's economy, with tools to create jobs rather than crushing them with the cost of compliance. This year, I am happy to report that House Republicans have led the way in helping job creators. Bills such as the Small Business Paperwork Mandate Elimination Act, which ends the need for confusing and burdensome tax paperwork, and the America Invents Act, which allows for existing businesses to grow and flourish, are ways the House has shown its commitment to creating jobs. In addition to these two bills, the House passed the Energy Tax Prevention Act, Reducing Regulatory Burdens Act, and the Review of Federal Regulations resolution to keep small businesses from being buried in paperwork and regulations. These are practical bills that help job creators.