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Fiscal Responsibility

Simpson Questions Bernanke about Debt and Economy

| Posted in Press Releases

Washington, D.C. – Idaho Congressman Mike Simpson, a senior member of the House Budget Committee, questioned Federal Reserve Chairman Dr. Ben Bernanke in a hearing today entitled, “The State of the U.S. Economy.”   “I’ve been a member of this committee with the chairman for eight years now. For eight years we have had economists and other experts tell us we have a structural…

Simpson Supports Balanced Budget Amendment

| Posted in Press Releases

Idaho Congressman Mike Simpson, a senior member on the House Budget Committee, voted for H.J.Res. 2, proposing a balanced budget amendment to the Constitution of the United States.   While it was supported by a majority of members, it failed in the House when Democrats largely opposed the bill, which required two-thirds support for passage because it is a constitutional…

House Passes Cut, Cap and Balance Act

| Posted in Press Releases

Idaho Congressman Mike Simpson, a senior Member on the House Budget Committee, joined his Republican colleagues in passing H.R. 2560, the Cut, Cap, and Balance Act of 2011.  It passed 234-190.  H.R. 2560 responds directly to the budget and debt crisis facing our nation by curtailing out-of-control spending and reducing the size of the deficit through three mechanisms: …