Dear Mrs. Painter, Thank you for contacting me with regard to the federal budget and programs of particular importance to you. I appreciate this opportunity to discuss this important issue. I am committed to improving the economic well-being of our nation and its citizens. The story of America shows this goal is best achieved by increasing freedom and economic incentives for individuals. The taxes and borrowing necessary to pay for our massive federal government puts incredible stress on taxpayers, crowds out other investments, and leaves staggering debts for our children and grandchildren to pay. Our fiscal problems today are due to decades of profligate spending by both parties. We have an enormous national debt because Washington has repeatedly postponed tough decisions while sticking future generations with the bill. In FY2014, the Congressional Budget Office (CBO) projects the net interest payments on our debt alone will cost $227 billion dollars. In FY2024, those net interest payments are projected to account for $876 billion. The crushing debt will continue to eat up more and more of the federal budget unless we address our debt and deficits and put federal spending back on a sustainable course. If Washington continues down this same destructive path, CBO projects that federal deficit spending will total $7.6 trillion over the next ten years. By addressing our debt and deficit sooner with serious reforms we can compound our savings. To ensure our children and their children do not inherit an America in decline, the responsibility of finding savings in our federal budget remains one of my top priorities. I will continue to balance the needs of Floridians with the federal governments capacity to assist while remaining cognizant of spending and the proper role of the federal government. As Congress addresses the budget of the program or agency important to you, I will keep your thoughts in mind. It is a pleasure and honor to serve the people of the great state of Florida. Sincerely, Marco Rubio United States Senator
Posted on: Tue, 29 Jul 2014 15:55:18 +0000
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