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Congresswoman Virginia Foxx (NC-05) today voted for the House-passed 2012 budget that reduces the deficit by $4.4 trillion more than President Obama’s 2012 budget proposal.  The budget also includes an additional $6.6 trillion in spending reductions that brings government spending to below 20 percent of the economy—in comparison to the current spending levels of 24 percent of the economy. 

“Compared to the recent haggling in Congress over billions of dollars of spending, this budget moves the debate towards long-term solutions, rather than short-term cuts,” Foxx said. “By cutting spending by trillions instead of billions and reforming our tax code this budget bill puts us on a path to prosperity and averts the impending debt crisis confronting our nation.”

In addition to cutting spending and reducing the deficit, the budget passed by the House (H.Con.Res 34.) also ends corporate welfare for bailed out companies, agribusiness and other recipients of government largess.  The budget also contains a spending cap that limits the growth of federal spending to a specific percentage of the economy.   Plus, the budget takes spending off of autopilot by requiring regular congressional review and approval of so-called “mandatory” spending and by fixing programs like Medicaid and Medicare that are headed for bankruptcy.

“For too long the federal government has grown larger and larger, piling up huge debts and impacting more and more aspects of Americans’ lives,” Foxx said.  “It’s time we asked the question, is the federal government too expensive, too large and too powerful?  The answer is a resounding, ‘yes,’ and this budget begins to fix the problem and put in place safeguards to hold government over-spending in check.”

The budget passed the House 235 to 193.