WASHINGTON, March 20 -- Sen. Kevin Cramer issued the following press release:
Years of unfettered mandatory federal spending have resulted in a ballooning national debt. To address this, a bipartisan group of lawmakers in Washington has introduced a bill to set a sustainable target for federal spending. U.S. Senators Kevin Cramer (R-ND), member of the Senate Banking, Housing, and Urban Affairs Committee, and Angus King (I-ME) teamed up to introduce the 3% Resolution to support the goal of reducing the federal budget deficit to 3% of gross domestic product (GDP) by 2030.
"It sure doesn't take an economist to recognize the fiscal path we're on is unsustainable, we all know that," said Cramer. "Congress controls the purse and it's long past ...