Budget and Spending
As you know, our nation continues to face a serious budget crisis, which is a threat to the security and prosperity of future generations of Americans. While some progress has been made to rein in wasteful spending, including reducing the federal deficit by half, much work remains to put our country on a stabile fiscal course.
I have been an outspoken supporter of the Balanced Budget Amendment. That's why I introduced an amendment to the U.S. Constitution that would require Congress to pass a balanced budget, forcing the federal government to live within its means and requiring the President to submit a balanced budget to Congress. A balanced budget amendment would restore fiscal common sense that regular Americans employ every day. It would also provide economic clarity and confidence for our nation.
Another key responsibility facing Congress is repairing the damage to the military brought on by sequestration budget cuts. One of the federal government's primary responsibilities is providing for the common defense, and restoring military funding and establishing better budget priorities will only help. Congress has taken small steps in the right direction to restore some military funding and made modest reforms to mandatory spending. It is my hope that we can build off of this momentum and pass more long-term reforms.
The fact is unrestrained growth of “auto-pilot” social programs is threatening our ability to properly fund many national priorities, including the military. A recent report from the non-partisan Congressional Budget Office outlined how, without changes to current law, mandatory spending on social programs and subsidized health care will grow at an extraordinary rate over the next 25 years, while non-mandatory spending, where military funding comes from, will shrink to dangerous levels. Mandatory spending is automatic in nature and does not change unless the law does, which is the reason behind its “auto-pilot” growth. The problem is not limited to the military. Funding for other American priorities like transportation infrastructure, agriculture, or any other legitimate interests is also threatened by unrestrained growth of social welfare programs.