Thanks to Tea Party, deficits are $3.2 trillion lower

Most Tea Party supporters are disappointed with Congress as are most Americans.  Congress has only a 13% approval rating.  However, the Tea Party supporters should give themselves a pat on the back because they are indeed affecting policy in Washington D.C..

As the Chairman of the House of Representatives' Republican Study Committee (RSC), Congressman Jim Jordan from Ohio said yesterday:  "... the projected deficits for the next decade are now $3.2 trillion lower than they were at the start of this year."   Congressman Jordan properly gives credit to the Republicans in Congress and that is as it should be. However, the Tea Party also gave them huge support from the outside. 

The RSC's legislation called the "Cut, Cap and Balance Act of 2011"   --  authored by Congressman Jason Chaffetz from Utah  --  was enthusiastically endorsed by the Tea Party.  It passed overwhelmingly in the Republican-controlled House of Representatives by a margin of 234-190.  However, the Democrats in the Senate refused to even debate it for one minute or to even allow a vote on the Senate floor for this commonsense bill. 

Further, had the Democrat-controlled Senate passed this bill and it was signed into law by the president, the United States of America would not have lost its' AAA credit rating status because the bill would have cut over $4 trillion, as demanded by Standard & Poor's, the credit agency which down-graded America's credit.

The full statement by RSC Chairman Jordan is directly below: 

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The Freedom to Succeed

Government does not create jobs, but it can create a better environment for the people who do. That’s why Rep. Scott Garrett and I reached out to RSC members last week asking them to suggest ways this Congress can get Washington out of the way and clear a path for real private sector growth. Their feedback – and yours as well – will determine the focus of our proposals for economic growth in the coming months.

The conventional wisdom says conservative, job friendly policies have little chance of becoming law so long as the Obama administration continues to push job-killing tax increases and more regulation. But if you always believe the conventional wisdom, you’ll never accomplish anything.

While some initially dismissed the RSC’s Cut, Cap, and Balance approach to spending restraint, it shaped this summer’s entire debate over the federal debt. Thanks to Republican efforts to cut spending, the projected deficits for the next decade are now $3.2 trillion lower than they were at the start of this year. Conservatives should build on this progress and actively promote economic liberty and policies that give Americans the freedom to succeed.

God Bless,

Congressman Jim Jordan
Chairman, Republican Study Committee

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