Editor’s note: Why wasn’t this our opening offer in this debt-ceiling negotiation? The follow is from Congressman Paul C. Broun, M.D.:
Broun Introduces Legislation to Lower Debt Ceiling to $13 Trillion
Washington, Jul 7 -
Congressman Paul Broun, M.D. (GA-10) today introduced unique legislation, H.R. 2409 the Debt Ceiling Reduction Act, that would lower the debt ceiling from $14.3 trillion back down to $13 trillion. The legislation would be enacted at the beginning of FY 2012 and would force Congress to begin to pay off a portion of the national debt while drastically reducing spending.
“Should my legislation be signed into law, Washington would have to actually make the cuts that until now they’ve only talked about, and our national debt would be one step closer to being manageable,” said Congressman Broun. “My legislation would not just slow down, or stop the reckless spending train; it would completely turn it around.
“Americans are tired of lawmakers who talk out of both sides of their mouths and make promises that they can’t keep. This bill offers a real and true solution for our fiscal dilemma, and I whole heartedly hope that my colleagues will either ante up – or try their luck at another profession.”