I feel so strongly about the evil practice of running up our national debt. I was so proud of Rep. Todd Rokita who voted against the Budget Control Act of 2011 on August 11, 2011. He made this comment:
For decades now, we have spent too much money on ourselves and have intentionally allowed our kids and grandkids to pay for it. It is intergenerational theft—literally stealing from our best asset, our posterity. The correct course of action, as I have said from the beginning, is to enact permanent and structural reform as the price for raising the debt ceiling. Today’s bill does not do that.
Here he has called it for what it is: THEFT!!!
Ted DeHaven noted his his article, “Freshman Republicans switch from Tea to Kool-Aid,” Cato Institute Blog, May 17, 2012:
This week the Club for Growth released a study of votes cast in 2011 by the 87 Republicans elected to the House in November 2010. The Club found that “In many cases, the rhetoric of the so-called “Tea Party” freshmen simply didn’t match their records.” Particularly disconcerting is the fact that so many GOP newcomers cast votes against spending cuts.
The study comes on the heels of three telling votes taken last week in the House that should have been slam-dunks for members who possess the slightest regard for limited government and free markets. Alas, only 26 of the 87 members of the “Tea Party class” voted to defund both the Economic Development Administration and the president’s new Advanced Manufacturing Technology Consortia program (see my previous discussion of these votes here) and against reauthorizing the Export-Import Bank (see my colleague Sallie James’s excoriation of that vote here).
One of those Tea Party heroes was Congressman Todd Rokita of Indiana. Last year I posted this below concerning his conservative views and his willingness to vote against the debt ceiling increase:
Rep. Todd Rokita voted against the Budget Control Act of 2011 because it fails to implement the long-term permanent and structural reforms necessary to put the nation back on a fiscally sustainable trajectory:
“I have heard a couple different definitions of leadership today. Let me add mine: leadership is effectively persuading others of the proper course of action. It is also about standing up for those who have no voice. For decades now, we have spent too much money on ourselves and have intentionally allowed our kids and grandkids to pay for it. It is intergenerational theft—literally stealing from our best asset, our posterity. The correct course of action, as I have said from the beginning, is to enact permanent and structural reform as the price for raising the debt ceiling. Today’s bill does not do that.
This legislation is a Washington deal, and it barely begins to address our long-term spending problem. Our debt crisis is driven by mandatory spending on entitlement programs and this plan fails to address such spending. Also, this plan only reduces the future debt we will pile on the backs of our kids from $10 trillion to around $7 trillion over the next decade. It does not begin to reduce our $14 trillion in current debt.
However, this legislation could eventually lead to the best permanent solution, a balanced budget amendment. This is certainly worth fighting for and I will lead on that front. But a vote alone is not worth the $2.5 trillion price tag, again to be paid by future generations. For that price, we should have required passage of a balanced budget amendment for state ratification.
I will continue to fight for a balanced budget amendment, lead our nation to live within its means and tackle out-of-control entitlement spending. It will be a long fight, but the enactment of a balanced budget amendment is the only way to fix the broken system that created this mess, both addressing our long-term fiscal health and giving Americans long-term peace of mind.”