Ander Crenshaw Backs 'Cut, Cap and Balance' Legislation

Florida Republican U.S. Rep. Ander Crenshaw, who has represented parts of the First Coast and North Florida in Washington for more than a decade, offered strong support on Tuesday morning for the cut, cap and balance legislation that will be voted on in the U.S. House later in the day. The proposal opposes raising the federal debt limit and backs a balanced federal budget and lower spending. It is backed by a number of prominent conservative organizations, including FreedomWorks, Club for Growth and the Family Research Council, as well as many Republican officeholders and candidates.

The fiscal facts are alarming: national debt stands at more than $14 trillion; Moodys warns of a potential bond downgrade; the national unemployment rate hovers near 10 percent, said Crenshaw in a statement on Tuesday. And yet, with an Aug. 2 debt default deadline looming, President Obama threatens to veto legislation calling on Congress to live within its means. American families and businesses make tough decisions to live within their means and budgets. Apparently, the president thinks hes exempt from having to do so. Its outrageous.

Stopping the national spending spree means we must cut up the credit cards that have allowed the national debt to grow $3.7 trillion since President Obama took office, added Crenshaw. The cut, cap, and balance' act will do just that, by cutting spending in fiscal year 2012 by $111 billion, capping annual spending at 19.9 percent of GDP, and requiring passage of a balanced budget amendment before raising the nations debt limit.

Turning this nations economic ship around will take everyones hard work, said Crenshaw in conclusion. Opposing common-sense, fiscally responsible legislation means you choose to stand in the way of a strong economy that we can certainly achieve by working together. On behalf of Northeast Florida and the nation, I say yes to cutting up the national credit card, controlling spending, and forcing Washington to live within its means. This is the right plan for right now, and we cant wait any longer.