Federal Budget

Hickory Daily Record: Business community says government regulations stunt growth

| Posted in Blog

Uncertainty about government regulations already in place and others that may be coming are hampering economic growth and stifling efforts to create jobs, area business leaders said Friday. About two dozen representatives of various business and industry sectors in the Greater Hickory Metro voiced their concerns to U.S. Rep. Patrick McHenry (R, 10th District) during a luncheon meeting at the Catawba County Chamber of Commerce. Read more »

Video: Obama’s Budget Proposal: What could you do with $3.73 trillion?

| Posted in Blog

On Monday, President Obama sent his FY2011 budget proposal to Congress. Simply said, this $3.73 trillion proposal spends too much, borrows too much, and taxes too much. Meanwhile, House Republicans have worked this week to make $100 billion in cuts to current year spending – and we’re just getting started. This is a down payment on the long term deficit reduction plan we will undertake beginning with the budget process in March. Read more »

Oversight Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs Hearing: "State and Municipal Debt: The Coming Crisis?"

| Posted in Speeches and Floor Statements

Today’s hearing is an opportunity to discuss growing concerns over the potential fiscal crisis looming for states and municipalities. Over the past three years we have seen a culture arise where every institution claimed it was “too big to fail.” An all-too-eager President and an all-too-compliant Congress kept putting taxpayers on the hook for trillions of dollars. Our budget deficit has reached an all-time-high, and the national debt is crippling our economy. Read more »

Congressional Oversight: A Constitutional Obligation

| Posted in Blog

Incoming House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) recently put out a report detailing the responsibilities of Congress to be a watchdog for the Executive Branch. In his report, Chairman Issa noted that the Oversight and Government Reform Committee requested 61% less information and held 21% fewer hearings than they did before the election of President Obama. Read more »