A press release from Congressman Don Manzullo:
Manzullo Votes to Cut Federal Spending by $9.1 Trillion Over 10 Years, Balance the Budget by 2020
WASHINGTON – Congressman Don Manzullo today voted for a federal budget that cuts spending by $9.1 trillion over 10 years, strengthens Medicare and Social Security, reforms the tax code, and eliminates the budget deficit in 9 years.
Under the plan Manzullo supported – authored by Rep. Scott Garrett of New Jersey – the federal budget would whittle down the current $1.6 trillion annual budget deficit over 9 years and would actually post a $50 billion budget surplus in the year 2020.
The bill would also strengthen Medicare and Social Security and reform the tax code.
Unfortunately, the Garrett plan did not prevail on the House floor.
Committed to cutting spending and reducing the deficit to the largest degree possible, Manzullo will support an alternative budget plan (authored by Rep. Paul Ryan of Wisconsin) later this afternoon that will cut $5.8 trillion in spending over the next 10 years.
“The only way we are going to strengthen our economy and help put Americans back to work is to slam the brakes on the unnecessary and unconstitutional spending that is continuing to drive our government deeper and deeper into debt and will destroy our economy.
“We need bold action, which is why I supported a budget today that would cut $9.1 trillion in spending over 10 years and actually eliminate our budget deficit by the year 2020.
“Unfortunately, we couldn’t get enough votes for this bold move, and it failed.
“As a result, I will support the alternative bill that offers the next best level of spending cuts at $5.8 trillion over 10 years when the budget proposal authored by Rep. Paul Ryan of Wisconsin comes to the floor later this afternoon.”
“We must act now to reverse the disastrous fiscal future our nation faces. The federal government will spend $1.6 trillion more this year than it collects in revenue. We borrow 40 cents on each dollar we spend.
“And the President’s ‘hold-the-line’ budget will increase our national debt from $14 trillion to $24 trillion the next 10 years. This has to stop in a big way. We have to get serious about cutting spending so we can improve our economy and help employers create jobs.”