Congressman Davis Comments on the President's Budget

Congressman Davis Comments on the President's Budget

Today, Congressman Geoff Davis offered the following statement regarding the President's budget proposal:

"I commend President Bush and Office of Management and Budget Director Rob Portman for submitting a budget proposal that balances the budget by 2012 without raising taxes. I look forward to working with the Administration and with my colleagues in Congress in a bi-partisan effort to prioritize spending in a fiscally-responsible manner.

"We must continue to address entitlement spending that is growing at more than double the rate of inflation. In 1969, total mandatory spending was 5.7 percent of our gross domestic product (GDP) and 29.2 percent of total federal spending. Today it is 55 percent of the federal budget. If growth continues unchecked, it will reach 61 percent in the next ten years. We took action to trim about $40 billion in spending in the 109th Congress. We need to do much more in the 110th Congress, and this budget does that with the President's proposal to slow growth in entitlement spending by $96 billion over five years.

"This budget proposal calls on Congress to pass comprehensive earmark reform and line-item veto legislation. Transparency and accountability in federal spending are essential, and these proposals increase both."

http://geoffdavis.house.gov/Read.aspx?ID=437