ABC News’ Matthew Jaffe reports: Sen. Claire McCaskill, D-MO, is embroiled in a tough re-election fight – and today she said her push to cap federal spending could cost her her job.
“This is a bold step,” she said on the Senate floor. “It has risks and if this bill is distorted and twisted, it could cost me my Senate seat. I’ll say that again. If this bill is distorted and twisted, it could cost me my senate seat, but it’s a price I’m willing to pay. It’s a price I’m willing to pay for my country and, more importantly, it’s a price I’m willing to pay for my grandchildren.”
McCaskill has partnered with Republican Bob Corker of Tennessee in a bid to force Congress to cut spending over the next decade.
Their “Cap Act” would implement a 10-year glide path to cap all spending – both discretionary and mandatory – to a declining percentage of the country’s gross domestic product. The bill would eventually bring federal spending down from the current level of 24 percent of GDP to the historical level of 20 percent of GDP.
“This bill is all about causing waves. It’s all about helping Congress get the backbone to say no,” McCaskill said at a press conference on the proposal.
“It feels a little lonely right now,” she acknowledged, “but I’m convinced that there’s merit in this proposal that’s reasonable.”
Republicans have targeted McCaskill’s Show Me State seat as a key one to win if the GOP is to regain control of the Senate come 2012.