Rep. Smith Issues Column: Budget Crisis
July 26, 2019
July 26, 2019
WASHINGTON, July 26 -- Rep. Adrian Smith, R-Nebraska, issued the following column:
We have a spending problem, not a revenue problem. Last year, federal revenue was at a near record high, yet our debt continued to increase. Despite attempts to restore fiscal order, this trend has been ongoing for years.
In 2011, Congress and President Obama brokered a bipartisan compromise to stop the bleeding. The Budget Control Act of 2011 (BCA) cut spending, capped future spending, a . . .
We have a spending problem, not a revenue problem. Last year, federal revenue was at a near record high, yet our debt continued to increase. Despite attempts to restore fiscal order, this trend has been ongoing for years.
In 2011, Congress and President Obama brokered a bipartisan compromise to stop the bleeding. The Budget Control Act of 2011 (BCA) cut spending, capped future spending, a . . .