Federal Budget and Debt

The truth is undeniable–Washington has a spending problem. For far too long, federal spending has gone nearly unchecked, resulting in trillion-dollar deficits, a ballooning national debt, and a government that now borrows forty cents out of every dollar it spends from places like China. Senator Cornyn is fighting President Obama’s out-of-control spending agenda in Washington. By introducing and gathering support for a conservative, balanced budget amendment to the Constitution supported by every Senate Republican, Senator Cornyn is fighting to bring the same fiscal responsibility to Washington that Texas families and small businesses practice every day. If you have to balance your budget every month, so should Washington.

Senator Cornyn’s balanced budget amendment caps spending, ensuring that government does not spend more than it takes in . For Texans, this is plain commonsense. But sadly, responsible spending is a foreign concept to many DC politicians. Washington’s spending addiction is not limited to President Obama. For nearly four years, Democrats in the Senate failed to pass a budget. When the White House again failed to submit a budget to Congress on time in 2013, Senator Cornyn and other Republicans introduced the No budget, No Pay legislation, forcing Senate Democrats to pass a budget or have their pay withheld. Senator Cornyn believes that if you fail to do your job, you shouldn’t be paid for it. It’s as simple as that.

Senator Cornyn is also fighting to eliminate wasteful Washington Spending. Not only does he support banning earmarks, Senator Cornyn continues to introduce bills to root out waste, fraud and abuse in government–including legislation to audit the Pentagon and prevent irresponsible bailouts of foreign countries. Senator Cornyn will continue fighting to preserve the American Dream for the next generation of Texans.

 

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Priorities

Last week, the Senate worked well into the night to pass a budget I’m incredibly proud of.


Why?

Because this budget not only provides a path to repeal Obamacare, it rejects President Obama’s tax-and-spend policies by slashing $5.1 trillion in spending over the next ten years to balance our federal budget.

We Texans already know a thing or two about balancing budgets…

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Obama Budget Defeated 98-1 In Senate Vote (Washington Times)

President Obama’s budget suffered its latest ignominious defeat when the Senate rejected it on a 98-1 vote Tuesday evening, capping off the first votes of the budget season.

“This is the president’s proposed budget,” said Sen. John Cornyn, the Texas Republican who forced the vote by offering the amendment, complete with the tax hikes, spending increases and deficit targets Mr. Obama had projected in the document he sent to Congress last month.

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Senate Will Vote On Obama Budget (The Hill)

The president’s budget will be offered as a substitute amendment, with senators expected to vote on the measure later Tuesday afternoon. “… We’re going to give all members of the United States Senate a chance to vote on the president’s proposed budget,” Cornyn said from the Senate floor. “I will vote no — that’s probably no surprise to anyone.”

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Republicans: Obama budget ‘laughable’ (Politico)

For congressional Republicans, President Barack Obama’s fiscal 2016 budget is “laughable.” “After six straight years of trying to have it all and losing control of both the House and Senate in the process, it’s time for the President to try something new: listening to the American people,” said Senate Majority Whip John Cornyn of Texas.

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TX GOP Vote: Nation is Drowning in Debt

It’s nothing short of brazen for the President to try and claim credit for reducing spending when in reality he’s added more than $7 trillion to our national debt since taking office. Our nation is drowning in debt, and sadly the folks truly hurt by this legacy will be society’s most vulnerable and our children and grandchildren who will be left with the tab.

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