Expressing disappointment with untenable cuts to Social Security and the elimination of incentives for energy development, Senator Mark Begich outlined his concerns today about President Obama's Fiscal Year (FY) 2014 Budget.
"I'm disappointed that this budget projects significant annual deficits," said Begich. "It doesn't go after the real issues I hoped we would address like waste and fraud -- issues I hear about from Alaskans about on a regular basis."
Senator Begich is particularly concerned with elimination of incentives for oil and gas exploration in Alaska--an industry that is critical for the Alaska economy. "The proposed budget affects oil and gas in a negative way," said Sen. Begich. "It takes away critical incentives that ensure we continue to grow oil and gas exploration."
In addition creating obstacles to industry, the proposed budget jeopardizes already lean Social Security payments to seniors. "I believe there are ways to streamline Social Security through efficiency--we don't have to cut benefits to save money," said Begich. "This budget puts the burden on the backs of seniors. Alaskans have paid into this system all their lives and they deserve our support in their golden years. These kinds of cuts just don't represent Alaska values and don't fix the real problem."
Senator Begich intends to continue working from his position on the Appropriations Committee to bring smart investment to Alaska while ensuring taxpayer funds are being used efficiently.
"Alaskans expect the government to deliver a balanced budget that funds programs that help ensure national security, stimulate our economy and support our most vulnerable," Begich said.