The Campaign to Fix the Debt describes a Fiscal Hero as a member of Congress who has “distinguished themselves by taking responsible votes, participating in fiscally themed events, pushing party leaders to confront the debt, leading efforts to develop debt-reducing policy options, using town hall meetings to engage and educate constituents, delivering floor speeches to raise awareness about debt’s dangers, advocating to keep many options on the table, and introducing legislation to improve the nation’s fiscal position.”
Rep. Gallagher, who was recently named an Honorary Congressional Advisor
to the Millennial Debt Foundation’s newly-created commission focused on long-term deficit reduction, has introduced a number of bills to get our fiscal house in order, including:
- H.R. 4907, the TRUST Act, which would establish Congressional rescue committees to strengthen the nation’s trust funds that are on the brink of insolvency, such as the Highway, Medicare Hospital Insurance, Social Security Disability Insurance, and Social Security Old-Age and Survivors Insurance trust funds. The Congressional Budget Office projects these funds will be exhausted in the next 13 years unless Congress takes action to stabilize their finances.
- H.R. 5956, the ELECT Act,which would eliminate the Presidential Election Campaign Fund and redirect its funds to pay down the federal deficit. The account that provides this funding has more than $350 million, and hasn’t been used by a successful candidate for President in 16 years.
- H.R. 1917, the Billion Dollar Boondoggle Act, which would require an annual report to taxpayers listing every government-funded project that is $1 billion or more over budget, or that is five or more years behind schedule.