Dave Camp: “I yield myself such time as I may consume. Mr. Speaker, I come today in strong support of the Budget Control Act, a…”

“I yield myself such time as I may consume. Mr. Speaker, I come today in strong support of the Budget Control Act, a legislative approach that cuts out-of-control Washington spending and is a responsible and necessary plan to avoid a default on our Nation's debt. As we all know, under President Obama we are experiencing our third straight year of deficits in excess of $1 trillion. In 4 years, President Obama's actions and projected budgets will add more than twice to our debt than was added during the previous 8 years. All told, the debt will double under President Obama's watch and reach a staggering $26 trillion by 2021. That's double the debt in half the time when compared with the previous administration. Congress must act to cut spending and get our debt under control, and that's what the legislation before us does. First, the bill cuts more than $900 billion in Federal spending and meets the expectations of the American people that we cut spending more than we increase the debt limit. Second, the bill guarantees the House and Senate will vote on a balanced budget amendment. More than half of the States have a balanced budget requirement, and it's time Washington's books are balanced as well. And third, the bill also demands reforms to the way Washington works by setting up a joint House and Senate committee to find at least $1.6 trillion in additional savings. Its work product would enjoy expedited consideration in the House and Senate and could not be filibustered.…”