Economy & Spending
Our nation faces a serious debt problem. There is no question that the federal government is on an unsustainable spending spree. Our national debt is more than $16 trillion — higher than any time in American history, and growing. Every child born today already owes more than $53,000 to our government's creditors.
Across Pennsylvania and our nation, families and businesses operate under a budget. They are forced to live within their means. I believe that the government must scale back its spending and draft its budget the same way millions of American families do each and every day.
I support a balanced budget and a Balanced Budget Amendment, which would prohibit the federal government from spending more money than it takes in. This would require the president to submit an annual balanced budget to Congress. The president and the Senate have no plan to balance the budget.
In a related manner, I have been working to reduce the size, scope, and spending of the Legislative Branch. In the 112th Congress, with my support, Congressional staff salaries and office expenses were reduced by over 10.5 percent. Additionally, in 2011, 2012, and 2013, I supported and helped pass into law pay freezes for Members of Congress.
If we are serious about achieving long-term fiscal responsibility, we must address fiscal accountability. We must target government spending.
More on Economy & Spending
WASHINGTON – Today the U.S. House of Representatives unanimously passed H.R. 5294, the Treating Barriers to Prosperity Act of 2018, bipartisan legislation introduced by Congressman Lou Barletta (PA-11) that would address the impacts of opioid addiction on labor force participation and economic development, and provide communities with the tools necessary to find solutions to this epidemic.
WASHINGTON – Today, the U.S. House of Representatives passed H.R. 5895, legislation that funds the U.S. Department of Veterans Affairs (VA), military construction initiatives, energy and water programs, and legislative branch operations. Congressman Lou Barletta (PA-11) voted in favor of this legislation, which passed the House by a bipartisan vote of 235 to 179.
BLOOMSBURG – Today, Congressman Lou Barletta (PA-11) gave remarks at a press conference held by the Pennsylvania Department of Community and Economic Development (DCED) to announce a $10.75 million grant for the Bloomsburg Flood Wall Project. The city of Bloomsburg will use this funding to add two new storm water pumping stations to the original flood wall project and upgrade the sewer system. These improvements will benefit over 100 homes, a shopping center, the Bloomsburg Middle School and High School, several businesses, and the Bloomsburg Fire Station.
WASHINGTON – Today, Congressman Lou Barletta (PA-11) voted in support of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. This landmark legislation rolls back several devastating Dodd-Frank provisions and will directly benefit Main Street financial institutions like credit unions and community banks.
WASHINGTON – The U.S. House of Representatives today passed H.R. 4, the FAA Reauthorization Act of 2018, which included Congressman Lou Barletta’s (PA-11) Disaster Recovery Reform Act (DRRA). DRRA implements broad reforms at the Federal Emergency Management Agency (FEMA). In particular, the legislation increases the federal emphasis on pre-disaster planning and mitigation, which will reduce the potential for future loss of life and address the rising costs of disasters throughout America. H.R.
WASHINGTON – Today, the U.S. House of Representatives voted on H.R. 1625, which funds the federal government for the remainder of the 2018 Fiscal Year. Rep. Lou Barletta (PA-11) voted in favor of this legislation, which passed the House by a vote of 256 to 167.
WASHINGTON – Yesterday, the U.S. House of Representatives passed H.R. 1116, the TAILOR Act by a vote of 247 to 169. The bill replaces the onerous one-size-fits-all regulatory compliance burden for smaller community banks and credit unions with a regulatory approach that fits their business models and needs. Congressman Lou Barletta (PA-11) voted in favor of the legislation.
WASHINGTON – Today the U.S. House of Representatives voted on a bipartisan budget package, which reverses the defense sequester by allowing for $700 billion in defense spending for Fiscal Year 2018 (FY18) and $716 billion in defense spending for FY19. The budget deal also includes a $46 billion increase in non-defense spending in FY18 and FY19 to be used for National Institutes of Health (NIH) research, the opioid epidemic, mental health programs, and reducing the Veterans Administration healthcare maintenance backlog. Rep.
WASHINGTON – Today the U.S. House of Representatives voted on a Continuing Resolution to fully fund the U.S. military and keep the government open through March 23, 2018. Federal programs would be funded at current levels, but additional provisions were included to extend funding for community health centers, Teaching Health Center Graduate Medical Education, and other critical health programs for two years. The measure also fully funds the military at $659.2 billion for the remainder of the fiscal year. Rep.
WASHINGTON – Congressman Lou Barletta (PA-11) released the following statement after the Senate passed a funding bill to reopen the government: