On the recordJune 27, 2019
Mr. President, I sit here every Thursday from 3 o'clock to 6 o'clock and hear several speeches that are made. I happen to sit on the Budget Committee with Chairman Enzi. I hope everyone listened carefully to what he just said. The Comptroller General was in yesterday. One of the reasons I ran for Senate is that being a Main Street entrepreneur from Indiana, you never could have gotten by with the way this place runs its business. The Federal Government is somewhere around six to seven times the size of Walmart and runs its business by the seat of its pants, in the sense that we have not done a budget that we have appropriated in nearly 20 years. If you listened closely, you know we have some hard deadlines. The chairman referred to it as cliffs. Well, sometimes that is so figurative that you don't believe it is going to happen or that it is going to be real. These are things we are going to have to contend with. When the Medicare fund is depleted fully in 2026, benefits get cut immediately. Social Security is farther down the trail, and there are going to be all kinds of issues. We are lucky, currently, that other countries and our own citizens will lend us money when we run trillion- dollar deficits routinely. He mentioned the ``Penny Plan.'' In any business, if you were charged with fixing your company's problems by cutting back by either freezing expenses by a 1-percent cut or a 2-percent cut, that would be done easily because you have hard accountability.…
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