The Hill News

U.S. Senate Republican Leader Mitch McConnell made the following statement on the Senate floor Monday regarding the need to pass legislation that would cut government spending now, cap it in the future and approve a constitutional amendment to balance the federal budget:

This is a pivotal week for America.

Two years of reckless spending and debt have brought us to the point of crisis. And this week, Americans will see how their elected representatives decide to resolve it.

On the one side are those who believe that failing to rein in spending now could be calamitous, and that a government which borrows 42 cents for every dollar it spends needs to sober up. Washington needs strong medicine to heal its spending addiction now, not a false promise of it later.

And on the other side are those who want to pretend the status quo is acceptable â€" that everything will be fine if we freeze current habits in place, raise job-killing taxes on small bus! inesses, and do nothing about the long term fiscal imbalance that imperils our economy.

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