Indiana Rep. Stutzman introduces bill aimed to hold government accountable for reckless spending

Congressman Marlin Stutzman, R-Ind., introduced legislation that would hold the federal government accountable for reckless spending. 

"You know what? You would think that all of us as common-sense Americans, that Washington, D.C., would have a rainy day fund for emergency spending, but there isn't one," Stutzman said on the Tuesday edition of the "Just the News, No Noise" TV show. "They just simply add to the debt."

The legislation is titled the "Emergency Spending Accountability Act" and it requires the federal government to pay off the balance of future emergency spending by 20% per year over five years.

The bill also requires that future government spending has to go by the guidelines of the Balanced Budget and Emergency Control Act of 1985.

Stutzman said that emergency money has had to be spent on emergencies such as Hurricane Katrina and Hurricane Sandy, but there has to be a better way to manage it.

"Washington has just shown it's irresponsible when it comes to emergency spending — good reasons at times, but always overreaction and always adding to our debt, and that needs to stop," he said.