Rep. Frank Lucas, Chairman of the House Agriculture Committee, today issued a statement in response to the Commodity Futures Trading Commission's (CFTC) surprise "advisory notice" to further regulate cross-border swaps.
The Ag Minute: Congress Must Get a Grip on Spending
Tamara Hinton (202) 225-0184
WASHINGTON – This week during The Ag Minute, Ranking Member Frank Lucas raises the alarm on the spending spree in Congress and the need to exercise fiscal discipline.
Click here to listen to The Ag Minute. The transcript is below.
"This is a good time to remind the millions of Americans who filed their taxes that their hard-earned money does not cover the cost of Washington doing business. This is not a revenue problem; it’s a spending problem.
"Yet, the Democratic leadership and President Obama continue to push policies that call for record-level spending and years of trillion dollar deficits.
"From the stimulus bill to the health care bill, the Democratic-controlled Congress passed multiple pieces of legislation this past year, which contained an unsustainable level of government spending.
"The reality is that the burden to pay for it will be heaped on the backs of our American families, farmers, and small businesses for years to come.
"This doesn’t count the impending burdens that farmers already face such as the estate tax, which at its core takes half of every family farm in America and destroys what takes generations to build.
"My friends, Congress has to get a grip on spending and get serious about fiscal discipline. The American people deserve it and the future of our nation depends on it."
The Ag Minute is Ranking Member Lucas's weekly radio address that is released every week from the House Agriculture Committee Republicans.