Wayne Allard: “I have fought to balance the budget using real numbers. In fact, I was a member of the House Budget Committee that…”

“I have fought to balance the budget using real numbers. In fact, I was a member of the House Budget Committee that passed the first balanced budget in over 25 years only to see this detailed, responsible plan vetoed by the President. As happy as I am that the administration has come close to realizing what the Republican led Congress has known all along, that we can balance the budget while maintaining responsible spending habits, I am deeply concerned that all progress could be lost if we do not diffuse the ticking time bomb of the Federal debt. The Federal debt now stands at over $5.4 trillion. That is almost $20,000 for every man, woman and child in the United States. If we do not begin a procedure for paying down the debt and funding the Social Security trust fund, entitlement programs will consume the entire Federal budget by the time the baby boomers retire.”