Fiscal and Economic
More on Fiscal and Economic
September 19, 2023
Congressman McClintock delivered the following remarks during a press conference discussing the House Budget Blueprint: Just as you cannot drink yourself sober, you cannot spend yourself rich. You cannot borrow your way out of debt. And you cannot tax your way to prosperity. And yet, those are the three principles upon which Bidenomics is founded. No nation in the world has ever spent, borrowed and taxed its way to economic health. But many, many nations have spent, borrowed and taxed their way to economic ruin, bankruptcy and collapse. Before any nation can ensure domestic tranquility, provide for the common defense, promote the general welfare – it must be able to pay for them, and our nation’s ability to do so is coming into grave doubt. I believe this budget is a good faith effort to apply the principles of fiscal responsibility to federal spending before we are faced with a crisis that we can no longer pay for.
Issues:Fiscal and Economic
May 30, 2023
Representative McClintock (CA-05) today released the following statement on the Fiscal Responsibility Act: In 2011, Congress faced an impasse on raising the debt limit. It was the first year of a new Republican House majority and the third year of a spendthrift Obama administration.
Issues:Fiscal and Economic
March 9, 2023
I want to thank the Ways and Means Committee for taking up my HR 187, the Default Prevention Act. Similar bills I have introduced passed the House in 2013 and 2015, and I am gratified the Committee would take it up in this session. The bill simply provides that even if there is a fiscal impasse in our deliberations over the debt limit, the debt of the United States will always be paid in full and on time.
December 1, 2022
It is time we spend taxpayers’ money as carefully as they spend what they have left after we’ve taxed them into debt. This bill falls short of that responsibility.
Issues:Fiscal and Economic
November 30, 2022
The looming railroad strike would cause significant short-term damage to the economy: supply chain disruptions, price spikes, shortages, all in time for the Christmas holidays. But this measure would cause significant long-tern damage, by asserting government fiat into what should rightfully be terms freely negotiated between employers and employees. The terms of this agreement are certain to produce significant and permanent price increases on consumers by dramatically increasing the cost of shipping everything that travels by rail. Above all, this crisis argues for removing the compulsive nature of forced unionism and to restore the fundamental right of individuals to make their own decisions and negotiate terms that to them are most advantageous to their needs. Twenty-six states have right to work laws and they tend to be those with the most prosperous economies and standards of living. It’s time to implement the same reforms nationally.
Issues:Fiscal and Economic
November 21, 2022
The American people have entrusted Republicans with the House majority at a time of unprecedented fiscal peril for our country: 40-year high inflation, economic recession, and an approaching debt crisis – all driven by the most reckless spending in our nation’s history. And history is screaming this warning: nations that bankrupt themselves aren’t around very long.
Republicans must reclaim the mantle of fiscal integrity and fiscal responsibility. A good place to start would be to renounce the tawdry practice of congressional earmarks, in which individual members insert provisions in bills that direct spending to pet projects in their districts or to favored supporters, bypassing merit-driven competition. The House Republican Conference will consider just such a proposal when Congress returns after Thanksgiving.
Issues:Fiscal and Economic
November 17, 2022
Republicans must reclaim the mantle of fiscal integrity and fiscal responsibility – and we should start by renouncing the tawdry, corrupt, and irresponsible practice of congressional earmarks: in which individual members direct spending to pet projects in their districts or grants to favored supporters, bypassing merit-driven competition.
Issues:Fiscal and Economic
August 12, 2022
The Democrats printed and spent trillions of dollars we didn’t have and unleashed the worst inflation in forty years. They waged war on American energy and plunged us into recession.
Now they are doubling down on these foolish policies. It seems the more that some people invest in their mistakes, the less willing they are to admit them.
July 28, 2022
Many years ago, the last silicon chip manufacturer closed its operations in Silicon Valley because of the high tax, energy and regulatory costs of doing business in the United States. Now we’ve suddenly decided we want them back. Instead of addressing the problem by reducing the obstacles to domestic manufacturing, Congress will shell out $280 billion (about $2,240 per family) to bail out impoverished big tech moguls by substituting your dollars for theirs. There’s a prevailing wage requirement to reward the unions, and just so the green left isn’t left out, there’s plenty of your money left over to finance green energy scams as well. Starving big tech executives thank you for your family’s generous contribution to their welfare. Good luck affording your next laptop.
June 14, 2022
Washington, D.C. – Congressman McClintock delivered the following remarks in a House Budget Committee hearing on 6/14/22: