Jim Ryun: “recently the Congressional Budget Office released its economic and budget projections for the coming decade; and they…”

“recently the Congressional Budget Office released its economic and budget projections for the coming decade; and they reiterate what we already know, that is, that mandatory spending is growing at an unsustainable rate. If we do not slow down the growth, we are going to have some very tough choices in the years to come and the days ahead, because the growth, by 2030, is expected to continue at 60 percent. At a time when the economy is strong and growing, we cannot forget the problems of mandatory spending programs, that they loom very large. In his State of the Union address, President Bush warned that the retirement of baby boomers will present future Congresses with impossible choices. And these are the choices: staggering tax increases, immense deficit, or deep cuts in each category of spending. Right now the House has a choice. We can either begin to address the growing entitlement by passing the Deficit Reduction Act, or we can continue to ignore the problem and leave those difficult choices for a future date. By passing the Deficit Reduction Act today, the House is choosing to address that problem. The Deficit Reduction Act will begin the process of reform in mandatory spending and save the American taxpayers $40 billion over the next 5 years. The American people elected us to Congress to spend their dollars wisely. We cannot assert that doing our job as we have been allows those programs to grow without review.…”