On the recordMay 2, 2017
If you cut 25 percent, you would basically have to gut our military and gut every bit of discretionary spending, because the 70 percent is on autopilot.
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congress.govIf you cut 25 percent, you would basically have to gut our military and gut every bit of discretionary spending, because the 70 percent is on autopilot.
Renacci discusses the implications of cutting spending by 25 percent.
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We have got some serious problems. Not on the revenue side, because we are growing 60 percent. We have got problems in the spending side because we are growing 80 percent over 10 years.
The problem is 1 or 2 percent on a $3.5 trillion budget is a big number in many cases.
I call it demographics. We have an aging population bubble that is coming through.
I want to applaud you and the President for proposing a long overdue balanced budget, and one that begins reducing our national debt.