2021-04-16 Home Front: Politix
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Senate Republicans push for national commission to balance budget
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[WASHINGTONEXAMINER] Senate Republicans will introduce legislation Thursday to create a new bipartisan national commission to reduce the deficit and balance the federal budget within 10 years.
Republicans are concerned about runaway government spending and how it will be funded after Congress spent nearly $6 trillion in pandemic relief last year while the Biden administration is gearing up to spend trillions more.
"We are on an unsustainable trajectory. We’ve become numb to the word ’trillion,’" said Sen Cynthia Lummis, a Wyoming Republican and the lead sponsor of the Sustainable Budget Act.
"At the rate we are going, the United States could soon spend more money on interest on the national debt than it does on defense," Lummis told the Washington Examiner before the bill’s introduction.
The legislation will be co-sponsored by Republican Sens. Joni Ernst of Iowa, Ron Johnson of Wisconsin, Mike Rounds of South Dakota, and Kevin Cramer of North Dakota.
The bill would establish within the legislative branch a new entity known as the "National Commission on Fiscal Responsibility and Reform."
The purpose of the commission would be to find policies to improve the fiscal situation of the federal government in the medium and long term by balancing the national budget.
In particular, this would include "changes to address the growth of entitlement spending and the gap between the projected revenues and expenditures of the Federal Government."
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Posted by Fred 2021-04-16 00:00||
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