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Thornberry statement: A balanced budget that provides for national security
Plan balances federal budget within 10 years
U.S. Congressman Mac Thornberry (R-Clarendon) released the following statement after voting in support of a House Fiscal Year 2016 budget resolution that would balance the federal budget within 10 years through responsible entitlement reforms and reductions in mandatory spending. The resolution passed the House by a vote of 228-199:
“This proposal balances the federal budget and reduces government spending by $5.5 trillion over the next 10 years. It is a plan that offers solutions to some of our nation’s most complex fiscal problems, but it also makes funding our national defense a priority.
“The bottom line is that the nation’s defense is the first job of the federal government, and our military leaders have repeatedly warned us of the serious consequences we will face if these mindless defense budget cuts continue. Defense spending represents 16 percent of the federal budget but has shouldered 50 percent of the cuts under sequestration. If we really want to get our fiscal house in order, we have to target the real driver of our growing national debt – entitlement spending – and this budget does just that.
“It makes commonsense reforms to entitlement programs like Medicaid and food stamps. It repeals Obamacare, and it shores up Medicare’s finances. The budget does all of these things without imposing new taxes. And equally as important, this budget proposal moves toward a simpler, flatter, and fairer tax code and would broaden the tax base by closing special interest loopholes.
“The President and Democrats have shown that they have no intention of balancing the budget, but Republicans are committed to making serious reforms to and reductions of federal spending in order to grow the American economy and provide our children the same kind of opportunities that we had.”