Friday, December 11, 2009

McCarthy: Democratic spending out of control, Congress needs restraint

 Rep. Kevin McCarthy (R-Bakersfield) provides his weekly update to BakersfieldObserved. Feedback? Post a comment on this site.

 "Today, I joined my colleagues in introducing H.R. 4262, the “CAP the DEBT Act” to stop Congress from its out of control borrowing and spending on the backs of our children and grandchildren. This bill would help restore their future through 3 steps: (1) accountability, (2) transparency, and (3) adult supervision. First, the bill restores accountability by requiring Representatives to take a straight up or down vote on raising the debt. Second, the bill requires transparency by exposing members’ votes that raise the debt, rather than the current way of hiding them in procedure. Third, this bill restores adult supervision in Washington by requiring a two-thirds majority in the House of Representatives, which will hold members accountable for their vote and not allow them to hide behind attachments in other budget resolutions. 
 "On Wednesday, I sent a letter to Secretary Geithner urging him to adhere to the Troubled Asset Relief Program’s (TARP) December 31, 2009 expiration deadline.  I also urged the Secretary to dedicate all returned funds and other revenue to reducing the national debt.  I believe the longer the remaining unspent TARP funds and revenue remain on the table, the more likely it is that the House Democratic leadership tries to use it for unrelated spending purposes. The immediate emergency has ended, and TARP must end as well. 
 "In case you missed it, Richard Branson’s Virgin Galactic unveiled the Burt Rutan-designed SpaceShipTwo Rocket plane at the Mojave Air and Space Port. The unveiling drew California Gov. Arnold Schwarzenegger and New Mexico Gov. Bill Richardson.   The 60-foot-long craft’s new name: the VSS Enterprise.  This is a forward-thinking, innovative partnership with amazing results-ordinary folks can go into space.  We should be focused on federal policies to encourage this kind of innovation and free thinking, and not stifle them with bureaucracy and regulations. 
 "I finished up the week with a visit with the Open World Russian Delegation which will be heading to Bakersfield next week.   The Delegation was formed to give Russian professionals exposure to America’s democratic government and our free-market system.   In Bakersfield, they will join organizers, Brian and Kay Pitts, to continue their exchange experience.  I am sure they will receive a warm Bakersfield welcome.  To see pictures of their visit, check out Kevin McCarthy." 

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