On the recordOctober 4, 2017
Mr. Chair, I rise in support of the proposed budget resolution, which will provide the spending cuts that Washington needs and give a pathway to reconciliation for tax reform. Our national debt sits at an astronomical $20 trillion and is projected to reach close to $30 trillion within 10 years. Washington's out-of-control spending hinders our economy, Mr. Chair, and by kicking the can down the road, it puts the financial burden on the backs of our children and of our grandchildren. Not only is our debt unsustainable, but high levels of government debt needs substantial resources, and taxpayers' dollars must go to servicing our debt. Over the next decade, the cost to service our debt will rise 219 percent, meaning we will spend close to $800 billion by the year 2027 simply to pay the interest on our debt. This budget reduces spending by $5.4 trillion over a 10-year window. It does not expand the size of Federal Government. It does not encroach on State or local authority. This is a conservative path forward and will help us accomplish what we came here to do: meaningful tax reform. While I would like to see our government make even more wise choices with taxpayers' dollars, this budget resolution puts us on the road to achieving that goal. With this resolution as a vehicle for updating our outdated Tax Code, Mr. Chair, I truly believe we can accomplish something that has not been done in over 30 years. Mr. Chair, I urge my colleagues to support this budget resolution.





