Pearce: Cut, Cap, and Balance

Steve Pearce

Congressman Steve Pearce issed the following press release on the debt ceiling debate yesterday. - Washington, DC (July 26, 2011) As Congress continues debate over the debt limit, Rep. Steve Pearce today reiterated the cost of failing to address America’s debt problem. “In less than three years, our debt limit has increased by $3 trillion,” said Pearce. “Washington is recklessly spending money we don’t have, and Americans have had enough. The President has promised that his spending spree could create jobs and keep unemployment low, but New Mexicans are tired of broken promises. The future of our country—of our children and grandchildren—is at stake. Mr. President, if we don’t act now to solve our debt problem, then when?”
President Obama asked Congress to increase the debt limit without any debt reduction plan, a move opposed by 83% of those in Rep. Pearce’s district. According to the House Ways and Means Committee, “approximately 50 percent of small business income would be subjected to a tax increase” under the President’s plan.
Rep. Pearce has tirelessly sought feedback from constituents on the issue as he works in Washington. On Friday, he held a Facebook town hall, uploading video responses to his constituents’ questions. This week, he plans to hold a telephone town hall meeting. He has also interacted with constituents through surveys, newsletters, YouTube videos, email, and phone messages.
Pearce voted last week in support of “Cut, Cap, and Balance,” a plan which has passed the House with bipartisan support and includes long-term solutions to the nation’s debt crisis. He has also cosponsored legislation to prioritize Medicare, Medicaid, and Social Security payments in the event the debt limit is reached.