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R E S O L U T I O N
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WHEREAS, Taking on the nation's growing budget crisis, United |
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States senator Rand Paul has introduced the Cut Federal Spending |
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Act of 2011, a bold proposal to slash the cost of government by $500 |
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billion; and |
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WHEREAS, According to Congressional Budget Office |
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projections, the federal budget will show a deficit of close to $1.5 |
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trillion in 2011 if current laws remain unchanged; this alarming |
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figure represents 9.8 percent of gross domestic product; the |
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country ran similar deficits in the past two years, with deficits of |
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$1.4 trillion and $1.3 trillion in 2009 and 2010, respectively; and |
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WHEREAS, The Cut Federal Spending Act would roll back federal |
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expenditures to 2008 levels by ending wasteful programs and those |
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that are beyond the constitutional role of the federal government, |
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such as education and housing; the measure would effectively |
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eliminate nearly 40 percent of the projected deficit; and |
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WHEREAS, Annual deficits of more than $1 trillion imperil the |
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health of our already struggling economy; the $500 billion |
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reduction achieved through the Cut Federal Spending Act would |
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reduce the amount of interest that the U.S. government owes to |
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foreign holders of its debt and eventually lessen the tax burden on |
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individual citizens; moreover, it would allow more money to remain |
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in local coffers, enabling states, counties, municipalities, and |
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school districts to better manage their own budget challenges; now, |
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therefore, be it |
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RESOLVED, That the House of Representatives of the 82nd Texas |
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Legislature hereby urge the United States senators from Texas to |
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support passage of the Cut Federal Spending Act of 2011; and, be it |
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further |
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RESOLVED, That the chief clerk forward an official copy of |
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this resolution to the United States senators representing Texas. |