Budget
Source: Congressional Budget Office
Reining in out-of-control federal spending and paying down our national debt has been, and will continue to be, one of my top priorities as your voice in Washington, D.C. As a member of the House Budget Committee, I’ve played an active role in crafting budget resolutions put forth by House Republicans when we controlled the House from 2011-2018, and looking back now, I’m proud of what we’ve accomplished in those few years.
Of course we have a lot more work to do, as our national debt exceeds $26 trillion today, and though we’ve had a great deal of success reining in federal discretionary spending over the last few years, if we are ever going to reach a point where we can begin paying down our national debt, it is absolutely essential that we address the driver of our budget deficits and national debt: mandatory federal spending. Mandatory spending is the kind of federal spending that occurs year after year without Congressional approval; it’s sometimes referred to as “autopilot” spending. Mandatory spending includes programs like Social Security, Medicare, Medicaid, other federal health care programs, interest on our national debt, certain tax expenditures, and more. While many of those programs are vitally important, they will be responsible for 75% of the total federal spending by 2030, according to the non-partisan Congressional Budget Office.
I’m committed to crafting federal budgets that will tackle the difficult fiscal challenges that lie ahead for our nation, including those posed by COVID-19, and I hope that the House Budget Committee will continue to build on the successes we’ve had in recent years. I look forward to your continued partnership in that effort.
Click here to visit the House Budget Committee's website.
More on Budget
WASHINGTON, DC – Yesterday, the House Budget Committee held a hearing to examine the risks climate change poses to the U.S. Economy and Federal Budget. One proposal the Democratic Majority has put forward to address climate change is the Green New Deal. This radical legislation would threaten to upend every sector of the American economy, from energy to transportation to health care.
WASHINGTON, DC – Today, Representative Rob Woodall (R-GA) released the following statement after being assigned to serve on the Committee on the Budget, which is responsible for writing Congress' overall budget plan for the fiscal year.