WASHINGTON — Senator Mike Braun will vote no on the debt ceiling bill expected to be voted on in the Senate as soon as tonight.
Senator Braun released this statement earlier this week about his opposition to the debt ceiling deal.
“This deal makes our current bloated spending levels the new baseline going forward, setting us further down the path to financial ruin. We need deep spending cuts, and Congress shouldn’t get paid until we deliver a real budget that seriously addresses our massive debt. There’s more drama here than usual but sadly the play is going to end the same way: the big spenders in both parties getting together to increase the size of the federal government.” – Senator Mike Braun
Senator Braun will receive a vote on his “No Default” amendment to the bill. This amendment removes the drama from debt ceiling negotiations by allowing the Treasury to continue to pay necessary obligations after an “X date” but will automatically cut 1% of discretionary spending every 30 days (not including entitlements) until Congress makes a deal, giving Congress an incentive to make a budget to avoid cuts to policy priorities from both parties.
Senator Braun spoke on the Senate floor today about his amendment, the debt ceiling impasse, and our country’s dire financial straits.
WATCH: ‘The numbers always win’, Sen. Braun offers Debt Ceiling amendment
Excerpted remarks on amendment:
Today, I’m introducing my No Default Amendment.
This amendment is simple.
We need to cut the drama out of these debt ceiling negotiations and give Congress an incentive to pass a real budget.
Under my amendment, if we pass the X date, the Treasury can continue to cover necessary obligations and avoid default until Congress makes a deal.
But crossing the X date would result in automatic 1% cuts to all discretionary spending every 30 days.
It would cut out all the drama around raising the debt ceiling, and provide an incentive to come to a responsible agreement.
# # #