Congressman Tom Cotton

Representing the 4th District of Arkansas
Twitter icon
Facebook icon
Flickr icon
YouTube icon
RSS icon

Spending Cuts and Debt

Our country faces a debt crisis because of Washington’s reckless spending and borrowing. The federal debt is now $15 trillion, the size of the entire American economy. And President Obama has produced three straight years of record trillion-dollar deficits. I will confront this debt crisis directly because I won’t leave our children a future with less prosperity, fewer jobs, lower living standards, and a diminished America.

The first step to fiscal sanity is passing a Balanced Budget Amendment. Washington politicians need a mandatory requirement to balance our budget, just like we do in Arkansas each year. I will vote for the Balanced Budget Amendment in Congress—preferably a “strong” amendment with a super-majority requirement to increase taxes—and I will do my part to persuade 38 states to ratify the amendment.

But we must also take action now to stop spending and borrowing, not merely reductions to rates of growth or future, imaginary cuts—to domestic discretionary spending, which has exploded under President Obama. One direct route to such cuts is returning discretionary spending to where it was in FY2008 ($933 billion) before President Obama’s spending binge and freezing it there through FY2021. As the RSC budget details, this spending level—which wasn’t exactly lean or austere—would return the budget to balance, while also protecting our military. I also support making permanent the current ban on wasteful earmark spending. And I will work to save and strengthen Medicare, Medicaid, and Social Security by introducing consumer choice and competition before these important programs collapse under the burden of debt.

I will not vote to increase the federal debt ceiling absent these kinds of real spending cuts and crucial reforms. I opposed the Budget Control Act (also known as the “debt ceiling deal”) because it didn’t make immediate and significant spending cuts, didn’t require passage of a Balanced Budget Amendment, opened the door to the tax increases President Obama has always wanted, and exposed the military to devastating cuts—all while increasing the debt ceiling by more than $2 trillion. And that is exactly what has come to pass. America must honor its obligations, but we must also confront our debt crisis.

More on Spending Cuts and Debt

Feb 11, 2014 Press Release

Contact: Caroline Rabbitt: 202-225-3772

Cotton Statement on the House’s Vote to Raise the Debt Ceiling 

Congressman Tom Cotton (R-Dardanelle) released the following statement on the House’s vote to raise the debt ceiling:

Feb 11, 2014 Press Release

ContactCaroline Rabbitt: 202-225-3772

Cotton Statement on House Vote to Restore Cuts to Military Pensions

Congressman Tom Cotton (R-Dardanelle) released the following statement after the House voted to restore cuts to military pensions made in the December budget legislation:

Jan 15, 2014 Press Release

ContactCaroline Rabbitt (202) 225-3772

Oct 8, 2013 Cotton Blog
Prior to the government shutdown last week the House passed four Continuing Resolutions to fund the government—all of which were promptly rejected by Senate Democrats. In the last several days the House has taken a piecemeal approach to funding our government by passing individual funding bills for some of the most important programs and agencies. Arkansas’s veterans and children in need should not suffer because Senate Democrats refuse to negotiate.
Oct 8, 2013 Cotton Blog
Last week, 700 members of the Arkansas National Guard and dual-status military technicians were placed on furlough as a result of the government shutdown. These furloughs were largely unnecessary because of the Pay our Military Act, legislation signed into law last week to allowing active duty service members and civilian employees of the Department of Defense to be paid during a government shutdown.
Oct 2, 2013 Press Release
Contact: Caroline Rabbitt: (202) 225-3772
Cotton Statement on Funding the National Institute of Health and National Parks and Museums
Washington, D.C.— Congressman Tom Cotton (R-Dardanelle) released the following statement after the House passed bills to fund the National Institute of Health and National Parks and Museums:
Oct 1, 2013 Press Release

Contact: Caroline Rabbitt: (202) 225-3772

Oct 1, 2013 Cotton Blog
The House has repeatedly passed legislation to fund the government and protect Arkansas from Obamacare.  Regrettably, the Democratic Senate voted last night to keep its special exemption from Obamacare rather than keep the government open.  The Senate’s unwillingness to compromise is disappointing and will cause needless inconvenience for Arkansans, who remain overwhelmingly opposed to Obamacare. But it seems President Obama and Senator Reid are determined to shutdown the government rather than listen to the people they represent.