Washington, DC – Congressman Jim Moran, Northern Virginia Democrat, released the below statement following House passage of H.R. 2560, the “Cut, Cap and Balance Act”:
“I was proud to vote against the “Cut, Cap and Balance Act” tonight. The House Republicans have presented us with their vision for America’s future. This is a vision in which the country turns its back on the achievements of the last century and chooses not to invest in meeting the challenges of the next century.
“The 18 percent spending cap mandated by the bill would return the government to spending levels not seen since the establishment of Medicare and Medicaid. This would necessarily result in unprecedented cuts in student loans and grants, transportation, education, environmental protection and enforcement, in other words, the physical and human infrastructure of our economy.
“The bill also demands that in return for avoiding an economically disastrous default on our debt, we make $111 billion in immediate spending cuts, seriously increasing the likelihood of a double-dip recession.
“As an appropriator I have learned that budgets are the firmest expression of our values. This is not the time for the Democratic Party to sacrifice our values, values held by a majority of the American people even in the face of opposition that has reached unprecedented levels of ideological radicalization. We must address our long-term deficits, but we must do so in a balanced manner, combining rational spending cuts and increased revenues.”