The two-year budget deal made between President Obama and Congressional leadership would raise domestic and defense spending by $80 billion and lift the debt limit until March 2017.
“Hardworking Iowa taxpayers deserve a federal government that acts responsibly spends within its means and balances its budget. This deal spends money we don’t have and exceeds responsible spending levels,” Young said. “Iowans want Washington to fight for their bottom line by holding the line on government spending. This deal breaks the promise of responsible decision-making on behalf of those we represent and I can’t support it.”
The deal negotiated and pushed by outgoing Speaker John Boehner (R-OH) is anticipated to happen before the Republican caucus is expected to nominate Congressman Paul Ryan (R-WI) as the next Speaker of the House. Ryan today came out in favor of the deal.
“What I’ve heard from members over the last two weeks is a desire to wipe the slate clean, put in place a process that builds trust, and start focusing on big ideas,” Ryan said in a released statement. “What has been produced will go a long way toward relieving the uncertainty hanging over us, and that’s why I intend to support it. It’s time for us to turn the page on the last few years and get to work on a bold agenda that we can take to the American people.”