By Javier ManjarresCongressman Dennis Ross, a member of the House Financial Services Committee who voted against the “fiscal cliff” compromise has just introduced the The Bowles-Simpson Plan of Lowering America’s Debt Act (BOLD Act), a bill whose purpose is “follow through with the recommendations” that President Obama conveniently ignored from the Simpson-Bowles Commission.
Ross believes that his committee assignment will enable him to “be engaged under the hood with financial, banking and regulatory insurance reform” that is at the heart of the current financial mess the country finds itself in. The Congressman also adds that his bill is a”great vehicle” that could be “used in the ongoing conversation over tax reform, tax simplification, and to protect the taxpayer.”
During his stint in the Florida State Legislature, Ross helped reform home owners insurance under Jeb Bush before “Hurricane Charlie Crist came through and changed it all” in 2007.
We have to have spending cuts if we are going to entertain an increase in our debt ceiling. – Congressman Dennis Ross
Ross warns that if the increase in the debt ceiling is not considered, serious financial consequences could follow, and suggests cutting spending for duplicative federal programs.
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