Representative Mark Sanford (SC-01) Applauds Chairman Ryan’s “Brave Budget” CSPAN, 4/9/2014 Watch here: cs.pn/1hi5b8o Partial Transcript: “… the Ryan budget has been called a draconian budget, a phony budget, an extreme budget, reckless budget, a heat seeking missile aimed at the American public, but what it has not been recognized as is a brave budget. And I say that because it gets at what no other budget in this process gets at which is entitlement spending. The President’s budget doesn’t, the CBC budget doesn’t, the Democratic alternative doesn’t, the progressive budget doesn’t… It’s only this budget that really begins to address the elephant in the room. So is it perfect? No. Will I vote against some of the authorization or appropriation bills that come along in its wake? I suspect yes. But it’s been said that a journey of a thousand miles begins with that first step, and to the credit of the Ryan Budget, the Republican budget, it begins that first step at addressing entitlement reform in way that has not been the case. Because to do nothing would indeed to be to launch a heat seeking missile into the pocketbook, the wallet, the purse of every American as we wait for the day of reckoning to occur which is 2025. In 2025 there will only be enough money for interest and entitlements and nothing else. So we can talk about all these other worthy programs but without addressing that terminal date of 2025, we’re in real trouble. I think that there are particular problems with this amendment as you look at taxes going up by 2.3 trillion dollars, you look at spending going up by 6.7 trillion dollars, and you look at an addition 4.3 trillion dollars of debt, it says that we have real problems. But again the operative number is what happens to the value of our currency, to future inflation, and to the value of our savings if we do nothing - which is again addressed in this Ryan budget, with its address of entitlement spending. …To do nothing is indeed extreme, and it’s reckless.” ###
Posted on: Wed, 09 Apr 2014 21:35:05 +0000
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