Over the past decade, irresponsible spending and borrowing in Washington has created a financial crisis that threatens future generations and limits our immediate ability to appropriately prioritize needed investments. We need to balance the budget, but we must be smart about it. We shouldn’t balance the budget on the backs of seniors or at the expense of investments in infrastructure that creates jobs. In Congress, I’m working for smart, targeted cuts to reduce the deficit that take us in the right direction and do not add to the debt.
That’s why I supported a budget that reflects our priorities in central and northwest Connecticut – helping create jobs, investing in transportation and infrastructure and education, and keeping our commitments to our seniors.
We need serious solutions. We cannot afford to live under the threat of default and we cannot govern by gimmicks, both of which put the full faith and credit of the United States in jeopardy and undermine the predictability businesses need to make long-term investments. I’m committed to working for long-term solutions to boost job creation and reduce our debt in smart ways.
For more information concerning my work and views on Fiscal Responsibility issues, please contact me.
I look forward to hearing from you.
More on Fiscal Responsibility
Since taking office, I've had the honor of meeting with business owners from around our district and our state. They are eager to share with me their successes as well as their concerns. When I ask what I can do to support them as they grow their businesses and create jobs, many say the same thing: Congress must fix our broken immigration system.
DANBURY -- U.S. Rep. Elizabeth Esty stressed the importance of local airports and their impact on the surrounding economy Thursday during a visit to the Danbury Municipal Airport. She vowed to do what she can to keep local airports open.
Esty, who was recently appointed to a congressional subcommittee on aviation, said she hopes to keep the funding for the towers in place as budget talks loom on the horizon. The congresswoman visited the tower at Danbury Airport, she said, to gather information to use in the fight to retain the funding.
Connecticut Rep. Elizabeth Esty and New Hampshire Rep. Annie Kuster are leading an effort to urge House Speaker John Boehner and House Republican leaders to declare they will not threaten a federal government shutdown or default as a long-term budget agreement is negotiated.
The two Democrats announced Thursday that 178 members of Congress had so far signed on to a letter to Boehner.
WASHINGTON, D.C. – As lawmakers from both parties begin to negotiate a long-term budget agreement, Congresswoman Elizabeth Esty (CT-05) and Congresswoman Annie Kuster (NH-02) led 178 House Democrats in calling on Speaker Boehner and House Republican leadership to publicly declare that they will not use the threat of a government shutdown or default as a political tactic in the budget talks.
WASHINGTON, DC – Congresswoman Elizabeth Esty (CT-5) released the following statement regarding the bipartisan bill to end the government shutdown and avert default. Esty voted with a bipartisan majority of the House to pass the bill.
What Default Could Mean for Connecticut
•Higher mortgage costs. If a default were to increase mortgage interest rate spreads by as much as they did when House GOP leaders threatened default in 2011 – 0.7 percentage points – the average homebuyer will pay an extra $100 a month. [Treasury Department] This would cost families $36,000 over the life of a typical 30-year home loan. ◦114,992 Connecticut residents took out a home mortgage or refinanced their existing mortgage last year.
What the Shutdown could mean for Connecticut Jobs & Economy
- Connecticut small businesses would be denied approval of SBA-guaranteed loans for business working capital, real estate investment or job creation activities. Dozens of Connecticut small businesses could immediately lose access to economic development loans – and that number would grow as a shutdown continues.