Rep Schweikert: ‘The President still hasn’t put something on paper’

FOR IMMEDIATE RELEASE: July 27, 2011
CONTACT: Rachel Semmel

“The President still hasn’t put something on paper, pretends to be a genuine partner”

Washington, D.C. – Congressman David Schweikert (R-AZ), a member of the House Financial Services Committee, went on FOX News’ Happening Now with Jon Scott to discuss the disingenuous talk coming from the White House and the need to pass a solution that will curve our debt. Below is the video and excerpts from the interview:

ON PRESIDENT’S SO-CALLED “BALANCED APPROACH

“Some of the phone calls we had in our office are people are asking us to vote for the President’s plan. The President still hasn’t put something on paper yet, and yet they pretend like they’re actually being a genuine partner in this negotiation.”

“His plan is ethereal, it’s air. How do you score a speech? Look, my great frustration is from the White House. We’re seeing Campaigner-in-Chief, not someone that’s trying to put together a plan that’s good for this country because we don’t have a plan that’s on paper from him. How do you deal with that? Once again over here in the House we’re doing the heavy lifting. We have never gotten something from the Senate. We did our Cut, Cap and Balance, we also did a budget bill. We still get nothing from the Senate, we get nothing from the White House, and we’re taking the responsibility for actually doing the drafting and doing the heavy lifting around here.”

ON GOP ONLY CONTROLLING HALF OF ONE BRANCH OF GOVERNMENT

“I need to even take that a bit further. A lot of us got elected both with Tea Party Conservatives, but even a number of moderate Democrats that understand we’re in real financial trouble. This is much more than raising the debt ceiling. Go back and read the Moody’s letter and the S&P letter. This is about the scale of our debt, and we do some crazy things in this country. Do you know we guarantee sovereign debt for Egypt? We have huge liabilities out there–monstrous. That’s the real battle. And I’m hoping that this, in some ways, is just the first salvo in saving us fiscally.”

ON THE PRESIDENT’S DEMAGOGUERY

“What he’s overstating is the consequences, the mechanics. And it would be a much more honest, genuine discussion not to walk in and say, we’re going to default. We’re not going to default. Default is not paying the interest on the coupons on the bonds we’ve sold. It would be a much more genuine and honest discussion if we talked about the one-third of Federal spending. One-third of this Federal Government that exists solely on borrowing. That actually, in many ways, a bigger, more honest and more difficult discussion.”

“One other thing, when the President goes up to a microphone and says, ‘the depreciation on jets, the taxing of all fossil fuels, or even the Bush/Obama tax extensions’… do you realize all those together, if they were eliminated, takes care of one-half an hour of borrowing a day? This is political theater that comes from the White House, not honest help.”

ON SPEAKER BOEHNER’S PLAN

“First off, with the Speaker himself. Look, I grew up around politics. Speaker Boehner is singularly one of the most impressive people I’ve met in my life. On the Boehner plan, I’m one of those leaning ‘no’ on the plan. I’m waiting to see the new scoring because it is about the math. We need to do something that’s genuine and honest, but much more. The markets like S&P and Moody’s are going to downgrade us unless we put together a package; that’s big enough. And even then, I’m fearful of anything that can get through the Senate because the Left is just apoplectic. We are going to get a downgrade. Now, for future discussion we should actually have a discussion on what that will really mean in the markets.”

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Rep Schweikert, Sen Toomey Introduce Full Faith & Credit and Protecting America’s Seniors & Soldiers Act

FOR IMMEDIATE RELEASE: July 26, 2011
CONTACT: Rachel Semmel

Washington, D.C. – Rep. David Schweikert (R-AZ), a member of the House Financial Services Committee, introduced the Ensuring the Full Faith and Credit of the United States and Protecting America’s Seniors and Soldiers Act. This bill will codify the Treasury’s authority to pay military, Social Security, and our bond coupons in the event the debt ceiling is not increased:

“While this Administration continues to use scare tactics and create panic, Congressional Republicans are once again putting forth a solution to ensure our payment obligations are met in the event the debt ceiling is not increased.

“This legislation will ensure that our payments are made to our debt services, seniors receiving Social Security, and active-duty military. These obligations should be our priority, and there is more than enough cash flow to cover each of these payments.

“I am extremely frustrated with the disingenuous use of language coming from this Administration. Over and over we have heard the word ‘default.’ The fact of the matter is we have the cash flow available to pay interest on debt if the limit is reached. Paying interest is not default.

“Unfortunately, this Administration has persisted in denying that it can or will prioritize these payments. I and my colleagues will not allow these scare tactics on our seniors or military to continue. We are stepping up and offering this language so the Administration can stop playing disingenuous games.”

NOTE: For pictures of the press conference, click here.

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David Schweikert: The last debt-ceiling debate America will ever have

14 trillion reasons to embrace the ‘cut, cap, balance’ proposal

By David Schweikert

While the debt-ceiling battle continues to rage in Washington, closed-door meetings and last-minute deadlines have become thehallmark of the debate.Congress is staring down an Aug. 2 deadline that would mark the first time the U.S. would not make good on its promise to pay the bills.

Since 1940, Congress has increased the debt ceiling 95 times. The last 10 times the U.S. borrowing limit has been raised, the average increase was $799 billion. It is clear this is an unsustainable pattern.

However, instead of continuing to increase our borrowing level, which we fail to pay back, we have the opportunity to pass systemic changes once and for all to make this the last debt-ceiling debate America will ever have.

By the end of this year, our national debt will overtake the size of the entire U.S. economy for the first time in history, according to the Congressional Budget Office (CBO).

In less than two years, President Obama has added more than $3.7 trillion to our national debt. It previously took the U.S. from the birth of our nation until 1992 to accumulate this much debt. In fact, under Mr. Obama’s proposed 2012 budget, our debt would increase to a record $25.7 trillion by 2021. Not only did Mr. Obama’s proposed budget fail to address entitlement reform, it was so fiscally irresponsible that it received zero votes in the Senate. This is not a serious approach, nor is it leadership.

It could not be clearer that our current fiscal path is a recipe for a debt catastrophe. Even Mr. Obama’s own debt commission has called the impending debt disaster “the most predictable economic crisis in history.” Our situation is too serious, and our time is too short to continue to play games, wring our hands or even protect our political careers.

In an effort to stem the tide of our impending crisis and ensure that this is the last time the U.S. breaches its borrowing limit, I have joined colleagues in both the House and Senate in advocating for a “cut, cap, balance” proposal.

The premise of this three-tier plan is simple.

First, we must cut spending immediately. The cuts should include both discretionary and mandatory spending reductions and reduce the deficit by half next year. According to projections from the CBO, this would require spending cuts around $380 billion in the 2012 fiscal year. However, one-time spending cuts are not enough. We must create a permanent solution to the spending curve.

Next, we must cap spending. We need statutory, enforceable caps to federal spending that decrease the amount we spend to match our average revenues of 18 percent of gross domestic product (GDP). Automatic spending reductions also must be in place, should government spending exceed the GDP. Washington does not have a revenue problem, it has a spending problem.

Third, not only do we need cuts, we need systemic changes. This is why I, along with Sen. Mike Lee, Utah Republican, have proposed an amendment to the Constitution that requires Congress to balance its budget every year. This balanced-budget amendment would limit federal spending to no more than 18 percent of GDP and would require a two-thirds vote in both houses of Congress to increase taxes. Time and again, Congress has proved it cannot be trusted to spend less than our federal revenue each fiscal year. This is a bold step that must be included to hold government accountable to the people.

Mr. Obama and congressional Democrats seem to have given up on creating solutions to our debt crisis. While they continue to sit on the sidelines, we sink further and further into debt. We owe it to our children and future generations to quickly embrace a common-sense strategy of major spending cuts and budget reforms to save our country and our future.

We must oppose any debt-limit increase without substantial spending cuts, enforceable caps on spending and a balanced-budget amendment to the Constitution.

This is our opportunity to send a message to the world: America is serious about our debt. We will not become Greece, Portugal, Ireland or Spain. We can avert this disaster if our rhetoric does not trump our reality. Our solutions must go beyond smoke and mirrors; they must be real and genuine.

If we enact a cut, cap, balance approach to solving our debt crisis, this will be the last time we allow out-of-control spending to remain our status quo. If we enact cut, cap, balance, this will be the final vote we will ever need to take on the debt ceiling.

Addressing our debt crisis will take sacrifice, but it is one I am willing to make to save this country so future generations don’t sacrifice even more. We need to fight to save our country, because America is worth fighting for.

Congressman David Schweikert is serving his first term representing the 5th Congressional District of Arizona. 

LD7 Candidate Heather Carter, the AEA’s favorite “Republican”

This past week, LD7 candidate, Heather Carter, was featured in the Arizona Republic’s “My Turn” section.

“What does the future hold for Arizona? I envision a vibrant economic community, where people are employed, businesses are thriving and children are well-educated. I want a safe Arizona with a secure national border.”

(NOTE: The Republic makes it pretty clear to candidates that they will not be editing or proof-reading any candidate statements. All “My Turn” articles are published as-is and it is up to the candidate to make sure they submit only their best work. Fair enough, since the Republic interns are busy writing the news for the next day…)

“I am running for office to do the job that needs to get done – create a plan for Arizona that enables us to balance the budget, set a course for the future and focus on strong schools, strong economy and a safe community. I think part of the problem at the capital is people lose sight of the core mission…”

Now, I’m not sure what subject Mrs. Carter taught our LD7 children in school, but she must have had at least one dictionary in her classroom… Or maybe not, since she doesn’t know the difference between, “capital: as in, financial capital” and “capitol: as in the buildings making up our state capitol which Mrs. Carter wishes to serve in”. Let’s just hope she’s never taught civics/government/economics or any of the reading/English classes available to our kids.

“…get caught up in special-interest agenda items that take time and energy away from what we should be doing…”

Wait a second. I remember reading something about this… Oh yeah: Heather Carter was endorsed by the liberal AEA Union. This liberal union has been responsible for threatening legislators, protesting on the capitol lawn, holding back the budget process, as well as encouraging teachers to push Prop 100 using our kids. We’d like to know if Heather Carter was following her union boss in the picket lines last Spring. Seems like the only way the AEA union would endorse a Republican is if they knew they had her in their special-interest pocket…

Let’s make sure we support real conservatives, this August and November. Not union lackeys.