Feb 08 2013
This week, the House once again took action to address our nation’s debt crisis. On Wednesday, we passed the Require a PLAN Act, a bill that calls on the President to submit a budget plan that achieves balance.
Under the President’s policies, our budget deficits have exceeded a trillion dollars – despite his promise to cut the federal deficit in half by the end of his first term. I believe that if we do not reverse course immediately, we will harm generations of Texans to come. I was pleased to vote in favor of this common-sense bill and urge the President to join us in bringing forth a plan that will ultimately eliminate the deficit and restore fiscal balance.
In the coming weeks under the leadership of Budget Chairman Paul Ryan, House Republicans will propose yet another serious budget plan to eliminate the deficit and restore confidence in our economy. To stay up-to-date on our budget plan and actions to get our economy back on track, follow me on Twitter and Facebook, download my SmartPhone App, or visit my website.
CBO’s 2013 Economic Outlook Report
This week’s release of the Congressional Budget Office’s 2013 Economic Outlook report underscores the need for serious reforms to get our economy moving in the right direction again. The report projects that the national debt will increase by $10 trillion over the next ten years reaching $26 trillion with public-held debt maintaining another historically high level of 77% of GDP. The report also predicted that "economic growth will remain slow this year," and the unemployment rate will hover at 7.5% for six years.
This report serves as a reminder of what House Republicans have been saying for years: we must get our nation’s spending under control. If the President wants to change our economic trajectory, he should join our efforts to rein in out-of-control government spending.
As we approach the March 1st deadline for the sequester to kick in, the media has praised President Obama for proposing solutions to avoid it. Unfortunately, they are leaving out an important part of the story: the Republican-led House has voted twice to replace the sequester with responsible spending cuts.
Nine months before the President’s speech this week, the House passed the Sequester Replacement Reconciliation Act, a bill that proposed vital savings without the across-the-board spending cuts in Obama’s sequester. We also passed The Spending Reduction Act on December 20, 2012 that would have replaced the sequester and provided an additional $200 billion in savings over ten years.
The President can continue to give lofty speeches to make the American people believe that he has a plan to replace his sequester, but I believe my constituents deserve to know that House Republicans put our plan on the table – twice. I will continue to update you in the coming weeks on my continued efforts to reduce our unsustainable levels of government spending.
Texas Water Day
On Wednesday, I had the opportunity to meet with members of the Texas Water Conservation Association (TWCA), a state-wide organization dedicated to Texas’ water service. As the keynote speaker of their 9th annual Texas Water Day, I was pleased to address the challenges of and potential solutions to the impending water issues facing Texas. I look forward to continue working with TWCA to promote innovative infrastructure projects and practical conservation techniques.Congressman Pete Sessions addressing participants of the 9th Annual Texas Water Day Constituent Meetings
On Thursday, I met with several constituents to discuss the fiscal deadlines facing Congress in the coming weeks. Voicing growing frustration over the President’s failure to produce a budget in a timely manner, we agreed that spending cuts need to be a priority in getting our nation back on to a path of fiscal solvency.
Southwest Airlines Pilots' Association Meeting
Also on Thursday, I had the pleasure of meeting with the Board of the Southwest Airlines Pilots' Association, which represents more than 6,300 pilots. The primary topic of discussion during our meeting was the hardship facing all hardworking Americans as the Administration continues its continual assault on the free-enterprise system. I ensured the group that I am committed to stopping the President’s regulation attempts, which are burdening the economy and negatively impacting the ability of businesses to thrive.
Samsung Electronics Company
Today, I was pleased to meet with employees of Samsung Electronics Company in Richardson, Texas. Because of the highly skilled workforce in Richardson and throughout the 32nd District, Samsung’s local offices are well suited for the engineering and design work that ultimately produces cutting edge smartphones and tablet computers. Samsung employs thousands of people in Texas, and I was delighted to tour their facility and discuss their products with their employees.
Congressman Pete Sessions viewing a Samsung product demonstration
Have a good weekend.