Chris Dodd: “I was proud to support this budget, which, in my view, represents an important first step towards returning our nation…”

“I was proud to support this budget, which, in my view, represents an important first step towards returning our nation to a healthy and strong fiscal and economic course. Like the budget of any family or business, the federal budget provides a framework for responsibly meeting our nation's most important priorities while ensuring that we are living within our means. This year's budget restores much-needed fiscal discipline while better targeting our resources towards the investments that will best promote economic growth, national security, and broad-based opportunity. First, the budget resolution reinstates pay-as-you-go rules, which require that any new spending or tax cuts be paid for with spending cuts or new sources of revenue--rather than simply adding the cost to the national debt for our children and grandchildren to repay with interest. These rules played a major role in helping us to achieve Federal budget surpluses in the late 1990s.”