[Congressional Record Volume 165, Number 173 (Thursday, October 31, 2019)]
[Senate]
[Pages S6327-S6328]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
VOTE EXPLANATION
Mr. BRAUN. Mr. President, today I voted against amendment No. 1141. I
would like to take an opportunity to explain my position.
In September 2019, the Treasury Department reported, in accordance
with Federal laws, that the highway trust fund's mass transit account
had an unfunded authorization of $27 billion but only estimated $26
billion in revenue to be collected over the next 4 years. In other
words, the account was expected to take on more than $1 billion in
obligations than it would be able to collect in revenue.
Instead of correcting the problem, the Jones amendment ignored it,
preventing Treasury from implementing the law to bring the mass transit
account back into balance.
Since I joined this body in January, I have repeatedly noted my
concern for our nearly $1 trillion annual budget deficit and our more
than $22 trillion
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Federal debt. Washington is broken. We do not have the money to finance
even the most basic functions of our government: infrastructure and our
national defense.
Today's vote was an example of the consequences we may face when
Congress lets these serious financial issues languish. We cannot
continue to ignore these problems. We cannot continue to pretend our
fiscal problems are solved by waving away protections placed by prior
Congresses.
I believe that Congress must fix this problem and bring our trust
funds into long-term solvency. When the Environment and Public Works
Committee approved our highway bill in July, I ensured the bill
contained language stating our intent to do just that.
Today, Congress was lucky--we could push our spending problem off to
another day. One day soon, we will not be so lucky.
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