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Public Statements

Bunning: Democrat Budget Spends Our Nation Into The Abyss

Statement

By:
Date:
Location: Washington, DC

U.S. Senator Jim Bunning today issued the following statement opposing the Fiscal Year 2011 Budget Resolution that was approved in the Senate Budget Committee.

"The Democrat budget that was approved today in the Senate Budget Committee will continue to harm future generations as it does not address underlying issues of the national debt. In fact, our nation's spending will increase to a record level of $3.8 trillion in FY2011. We are spending our nation's future into the abyss.

"I have been on the Senate Budget Committee for seven years now and this budget just kicks the can down the road. When President Obama took office last year, the national debt share for a child under eighteen was $84,700. It is projected by 2020, that cost will jump to $248,700 per child under the age of eighteen. Being a grandfather of 40, I worry that future generations will be saddled by the poor decisions that are being made today. For the first time in my life, I question if my grandchildren will have the same opportunities that I had as a child.

"As a country we have to make hard decisions when it comes to entitlement programs. Medicare, Medicaid, and Social Security will continue to drain our resources. I am not advocating to cut all these programs. But we do have to take a look at how to improve these entitlements so that they do not continue to bankrupt our country.

"I was happy that the Budget Committee did pass my amendment that fights abuse of designating spending as an "emergency' and not paying for it. The amendment requires that, in order for spending to be considered an emergency, no less than 16 senators must sign a document affirming that an emergency has taken place. For too long the Senate has declared a measure to be an emergency when we knew legislation had to be fixed in advance."


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