to stop the practice of ‘spend and borrow’
that has been commonplace for so long in Washington.
By passing this proposal, a strong precedent was set that any increase in the debt
must be accompanied by equal cuts in spending,
and through this debate we have shifted the focus from spending
to actual cuts in spending.
...the top priorities we must address are avoiding default
and reining in federal spending.
This proposal, while not perfect, does achieve those goals.
...it takes a big step towards putting our nation on track to fiscal responsibility.”
North Carolina Senator Richard Burr