Citing a lack of action to bring down the debt and reform the nation's entitlement program, U.S. Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee, opposed legislation that would suspend the debt ceiling for three months.
"Our debt is closing in on $16.5 trillion. Over the next 10 years, Medicare and Medicaid alone will cost taxpayers $12 trillion. To put that in perspective, that's more than the entire economies of Germany, France, the United Kingdom, Italy, and Spain combined. Yet here we are passing a debt ceiling increase while refusing to make the tough choices to get our debt under control and reform government in a meaningful way to ensure a prosperous future for our children and grandchildren. It's time we get serious; it's time we act on a
serious deficit reduction effort that reforms our entitlement programs once and for all."
Last week, Hatch unveiled five common-sense, bipartisan Medicare and Medicaid reform proposals that he believes should be included in any deficit reduction effort.