Congressman Kinzinger Commends House Republicans' Fiscal Year 2012 Budget

From the office of Representative Adam Kinzinger (R, ILL, 11th District)…

Washington, D.C. – Congressman Adam Kinzinger (IL-11) today issued the following statement commending the House Republicans’ Fiscal Year 2012 Budget Resolution:

“Last week, our nation’s total debt hit an all-time high of more than $14.2 trillion and is alarmingly close to reaching the federal debt ceiling as the debate over the budget intensifies. “It’s no secret that we cannot continue down this reckless trajectory. We’ve kicked the can down the road for too long and now, there’s no more road left. The looming question in Washington is whether to wade deeper in the red and follow the President’s budget proposal, or chart a new way forward under the House Republicans’ budget resolution.

“In February, President Obama sent a budget proposal for the 2012 Fiscal Year that spends $3.8 trillion in a year and will impose a massive tax hike of $1.6 trillion on families and small businesses.

“Today, House Budget Chairman Paul Ryan released the budget for Fiscal Year 2012 called The Path to Prosperity. In a sharp contrast, our budget cuts $6.2 trillion in spending from the President’s budget over the next 10 years. But that’s only the beginning. The House Republicans’ budget reduces the debt as a percentage of the economy and gets America back on track toward paying off our national debt. This budget reduces federal spending to less than 20 percent of gross domestic product (GDP), and reduces deficits by $4.4 trillion.

“At a time when the President is choosing to punt, House Republicans are coming forward with the solutions the American people called for last November. This resolution cultivates certainty for private-sector job creation through pro-growth tax reforms and implements spending controls.

“The budget also tackles the much needed fundamental tax reform, which is a vital component for refueling our economy.

“In addition to paving a way for our nation get back on track toward economic security and prosperity, the Republican budget also addresses entitlement reform by protecting and strengthening essential programs such as Medicare for today’s seniors, and for our children and grandchildren.

“One political party is not solely responsible for this debt crisis. However, the true test lays in our next step — How we control spending and budget to ensure the fiscal soundness of this country for future generations to come.”

Click here to read the House Republicans’ Fiscal Year 2012 Budget Resolution.

http://kinzinger.house.gov/

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