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CAP the Debt
Posted by Randy | February 09, 2010

As you probably know, the House or Representatives voted last week – without my support – to increase the U.S. debt limit for the third time in the past year, adding $6,000 per citizen to the $40,000 in national debt Washington has already spent for every single American. This type of debt increase cycle begs the question of whether the “debt ceiling” is really a ceiling, if it is so easy to raise.

 

That's why I recently cosponsored the CAP the DEBT Act (H.R. 4262), which would mandate a 2/3 roll call vote in both the House and Senate chambers in order to raise the debt ceiling. It would repeal the current Gephardt Rule that allows a debt ceiling increase to be included in budget resolutions without facing a direct vote.

 

The CAP the DEBT Act will make passage of debt increases far more difficult. Most importantly, though, it will provide more transparency to the process so Members of Congress are held accountable for their votes to raise the debt limit.
Comments
The opinions expressed below are those of their respective authors and do not necessarily represent those of this office.
  • Mary Henrich commented on 2/9/2010
    This is a bill that should have been in effect from the beginning. The Gephart Rule, like so many other maneuverings only openned the door to fiscal abuse. The odds that such restrictions will meet with much resistance, but this is worth the fight.
  • Tom Peters commented on 2/13/2010
    I believe that fiscal responsibility by the members of congress is the ONLY way for this nation to survive and regain it's image and respect. When Congress acts in fiscally irresponsible ways, it only show it's inability to function and act properly on this Nation's behalf. Where is the balanced budget? Where are the Government's spending cuts due to the sagging economy? Where are the LIMTS on ridiculous spending acts? Our only control over these reckless actions is to vote those particular members OUT of congress. This nation needs to return to the basics that our Consitution was founded upon.
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