Jun 22 2011
Washington, D.C. – Today, U.S. Senator Marco Rubio announced his support of the Cut-Cap-Balance pledge, which asks Senators and members of Congress to pledge to make substantial cuts in spending, enforce spending caps and pass a balanced budget amendment.
With these three critical components in place, we can begin to restore fiscal sanity by reducing future deficits and minimizing our massive $14.3 trillion debt. Requiring a balanced budget will ensure that lawmakers can no longer pay for programs on the backs of future generations. Today’s announcement comes on the heels of the Congressional Budget Office’s (CBO) newly released long-term budget outlook, which shows that our national debt will soon exceed the size of our entire economy.
“On a day when the CBO offers yet another dire warning about America’s looming debt crisis, it is especially important that leaders in Washington commit to the Cut-Cap-Balance pledge,” said Rubio. “The path we are on is no longer sustainable, and hasn’t been for some time. The tenets of this pledge are the same that I promoted in my campaign, and the same that countless Floridians and Americans are asking for. I am committed to cutting wasteful spending, capping overall spending and balancing the budget as critical policies to maintain our nation’s strong economic foothold in the global market.”