– U.S. Congressman Charles W. Boustany, Jr., today voted for what he believes will significantly cut federal spending and prevent the United States from default. Boustany says the bipartisan agreement cuts spending and does not contain job-killing tax increases.
“From day one, I insisted any increase in the debt ceiling must be coupled with spending cuts exceeding the increase in the debt limit. For the third time in as many weeks, the House of Representatives voted responsibly to protect the economy. We approved legislation cutting spending to force Washington to protect and conserve taxpayer dollars. My vote tonight was the right thing to do for the people of Louisiana and for America,” Boustany said.
“This legislation upholds the Republican principles we demanded – no tax increases, cuts greater than the increase in the debt limit, and advancing the balanced budget amendment. It creates the foundation to bring our economy back from the brink, protects the full faith and credit of the United States, and is the first substantive step in correcting this nation’s out-of-control spending. After thoroughly reviewing this legislation and speaking with experts, economists, and residents from across Southwest Louisiana, I feel this is our best path forward. I will continue working closely with my colleagues in Congress to ensure that we continue on a path to getting our fiscal house in order.”
“I commend the House of Representatives for their fine work in reducing the projected deficit by $2.4 trillion over the next 10 years,” said Rusty Cloutier, President & CEO, MidSouth Bancorp, Inc. & MidSouth Bank, N.A. “I know that Congressman Boustany will continue to work on the budget issues in the coming months to get the United States government back on a sound footing. This has been a hard fought battle that will not be over with this bill but we cannot let the government default on its obligations at this period in time. We have a lot of work to do to bring down government spending and get this country back on the growth rate it needs to be on; however, defaulting on payments will not solve the problem. It took 40 years for us to get here and we cannot resolve it over one weekend.”
Boustany says "the bill demonstrates Republican commitment to changing the culture of Washington, cutting discretionary federal spending for two years in a row for the first time in modern history."