Opinion Pieces

Americans Deserve a Responsible Federal Budget

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Washington, February 9, 2015 | comments
Last week President Obama released his budget. There were some parts of the proposal I disagreed with, such as the $2.1 trillion in tax hikes and increased federal spending. However, I did appreciate that within the President’s budget proposal he suggested conducting a comprehensive review of the United States coin and currency production.
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Last week President Obama released his budget. There were some parts of the proposal I disagreed with, such as the $2.1 trillion in tax hikes and increased federal spending.  However, I did appreciate that within the President’s budget proposal he suggested conducting a comprehensive review of the United States coin and currency production.   

As a Member of Congress I have also sought to reduce the cost of making pennies, nickels, dimes and quarters with The Cents and Sensibility Act.  My bill ensures these coins are minted with steel instead of minerals imported from outside the United States.  Currently, it costs more to produce these coins than they are actually worth.  Also much of the copper, zinc and nickel used to make them is imported from outside of the United States.

There have been studies analyzing the potential cost savings from changing the coins from these other metals to steel.  For example, a study by Navigant Consulting reported that the federal government could save approximately $2 billion over 10 years, in metal costs alone by changing the composition of the nickel, dime and quarter to steel.
 
Our federal government is spending more money than it brings in and our debt is at an all-time high of $18 trillion.  I believe this is unacceptable, which is why it has been one of my top priorities to hold Washington accountable and strengthen our nation’s economy.  Step by step, we need to make both easy and tough choices to reduce government spending.  The Cents and Sensibility Act is an easy choice; it is a simple, yet effective way to reduce spending while supporting American jobs.

As always, I appreciate the opportunity to serve Ohio’s 15th District.  I look forward to hearing from you on these, or any other federal issues facing our nation.  I invite you to call my Washington D.C. Office at (202) 225-2015, Hilliard Office at (614) 771-4968, Lancaster Office at (740) 654-2654, or Wilmington Office at (937) 283-7049 to share your thoughts with me.

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