[Congressional Record Volume 159, Number 63 (Tuesday, May 7, 2013)]
[House]
[Page H2449]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TIME FOR THE FEDERAL GOVERNMENT TO FACE SEQUESTER
(Mr. SHIMKUS asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. SHIMKUS. Madam Speaker, the Federal budget is approximately $3.6
trillion; $2.4 trillion is what we call ``mandatory spending.'' That's
Medicare, Medicaid, Social Security, and interest payments on the debt.
Approximately $1.2 trillion is the discretionary budget, and we sit
here and moan about $85 billion in sequester. Businesses have had the
sequester over the past 3 to 4 years. Not-for-profits have had the
sequester for the past 3 or 4 years. It's about time that the Federal
Government sequestered also.
I want to thank the President for addressing the mandatory-spending
program. With his chained CPI address on Social Security, he recognizes
the fact that, if we want to stop sequestration from occurring,
mandatory programs have to be reformed.
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