Virginia Foxx: “At the beginning of the debt ceiling debate, House Republicans made it clear that if the President and congressional…”

“At the beginning of the debt ceiling debate, House Republicans made it clear that if the President and congressional Democrats wanted us to pay their bills, they were going to have to commit to cutting up the credit cards. The simple truth is that in just 7 months, House Republicans have already changed the broken political system in Washington to move away from ``how much can we spend?'' to focus on how we can stop spending money we don't have. House Republicans have led the fight for controlling spending and saving our children and grandchildren from national bankruptcy, voting to actually shrink a Federal Government that has done nothing but expand for 40 years. The cuts may be small relative to the size of the problem, but the change in direction is historic. For the first time in the history of modern Federal budgeting, House Republicans will cut discretionary Federal spending for 2 straight years. President Obama wanted a ``balanced approach'' to solve our debt crisis, which means historic tax increases on job creators. We don't need a ``balanced approach,'' Mr. Speaker. We need a balanced budget. ____________________”