earlier this year, the Democrat majority approved what I consider an irresponsible budget plan that calls for more spending now followed by massive tax increases in the future. Their budget plan only called for one committee, the Education and Labor Committee, to find cost savings, and that turned out, Mr. Speaker, to be a mere $750 million over 5 years. In comparison, when Republicans were in control, the fiscal year 2006 budget resolution called on eight House and Senate committees to find a total of $35 billion in savings over 5 years. As a result, Congress passed and President Bush signed into law the Deficit Reduction Act, which saved American taxpayers $38 billion. House Resolution 531 provides for the consideration of the Democrat majority's attempt to rein in spending, the College Cost Reduction Act. However, Mr. Speaker, this bill is nothing more than an illusion. While the bill does find savings, it immediately spends most of it, $18 billion, to create nine new entitlement programs. These entitlement programs, which grow automatically every year without congressional review, pose the largest threat to our long-term economic health. Essentially, these programs run on auto pilot with no accountability to the taxpayers writing the check. Entitlement programs currently today make up well over half of the Federal budget and in the next decade will consume nearly two-thirds of our budget.
Doc Hastings: “earlier this year, the Democrat majority approved what I consider an irresponsible budget plan that calls for more…”
Editor's note · Context
Criticizing the Democrat majority's budget plan and its implications for entitlement programs.
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