WASHINGTON- Congressman Bob Latta (R-Bowling Green), a member of the House Energy and Commerce Committee, made the following statement after the Republican Motion to Recommit on H.R. 5019, the Home Star Energy Retrofit bill, passed yesterday. Congressman Latta spoke in support of the Motion to Recommit with House Energy and Commerce Committee Ranking Member Joe Barton (R-TX).
“Throughout debate of the Home Star bill, both in committee and floor proceedings, I raised serious concerns that this bill, with a total price tag of over $6 billion, is not paid for. Simply put, we as a nation cannot afford to add another $6 billion to our national deficit. Current projections put our national deficit for this fiscal year at over $1 trillion, in addition to our current national debt of over $12 trillion. By 2020, under current spending levels, our nation will face a national debt of over $20 trillion, with $2 billion in interest payments per day alone.
Even though my concerns regarding the spending within this bill were addressed in the Motion to Recommit, I was n