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January 31, 2013

Inhofe votes against debt limit increase

NORMAN — U.S. Sen. Jim Inhofe, R-Tulsa said he voted against H.R. 325, which would increase the debt limit through May 19. The bill passed the Senate 64-33 today.

“While I am pleased this bill included an enforcement mechanism that will require Senate Democrats to pass a budget, this bill provided a debt limit increase without any spending cuts,”Inhofe said. “After we addressed tax policy with the deal to avert the fiscal cliff earlier this year, my highest priority has been to leverage a debt limit increase with at least dollar-for-dollar spending reductions. I believe that any increase in the debt limit should be tied directly to spending cuts. This bill failed to do that, which is why I voted against it. The budgetary problems of this nation are astounding, with defense sequestration coming, non-discretionary spending rapidly expanding, and a skyrocketing debt continuing. We must work diligently to address both and put the federal budget on a path to balance.”

Senate consideration of H.R. 325 included a number of amendments. Inhofe was a cosponsor and voted in favor of Sen. Rob Portman’s (R-OH) amendment to require dollar-for-dollar spending reductions with any debt limit increase. The amendment was tabled and failed by a vote of 54-44.

Inhofe also cosponsored Sen. Pat Toomey’s (R-PA) amendment, The Full Faith and Credit Act, which would require the President to prioritize payments on the national debt, Social Security, and military personnel in the event the debt limit is reached and not extended. The Toomey amendment was tabled and failed by a vote of 53-45.

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