[Congressional Record Volume 169, Number 52 (Wednesday, March 22, 2023)]
[Senate]
[Pages S884-S885]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
Budget
Mr. THUNE. Mr. President, before I begin my remarks, just a quick
observation.
I know that the majority leader comes down on a fairly regular basis
and attacks Republicans, particularly House Republicans, for not
producing a budget. Obviously, for the House Republicans, it is their
prerogative over there. If there is going to be a budget, it is
probably going to be a budget that is put together by the House
majority.
But I think it kind of misses the broader point, and that is that, at
least here in the Senate, which is our domain, our realm of
responsibility, it is up to the majority to put a budget forward. They
control the floor. They have all control here. They determine what
comes to the floor and what doesn't, and if they want to put together a
budget, they certainly could. One place to start, obviously, would be
the President's budget.
The President submitted a budget, which, by any estimation, is a
massive expansion of the Federal Government, with lots of new
spending--$5 trillion in new taxes, mostly on job creators and small
businesses. At the end of the budget period, he would add $17 trillion
to the Federal debt. Budget periods cover a window, typically, of 10
years. The President's budget, as put forward, at the end of that 10-
year period, would add $17 trillion to the Federal debt and
dramatically increase spending.
Now, spending prepandemic, as we went into the pandemic, was about
$4.4 trillion a year--all in Federal spending. Of course, during the
pandemic, that increased. In a bipartisan way, there were some
decisions made to support and increase spending in some areas that were
designed to combat and deal with a lot of the adverse impacts of the
pandemic. Now the pandemic is behind us, and a lot of that spending
should have been temporary. A lot of that spending really shouldn't
have been incorporated into the baseline.
What the Democrats have done is incorporated that into the baseline
so that, this year, the amount of spending in the President's budget--
about $6.9 trillion--is about 55 percent more than the baseline
spending back in 2019, prepandemic, at a time when the population of
the country has only increased by 1.8 percent. Now, you could argue, I
suppose, if you had a massive increase in population--a lot more people
in the country--that Federal spending would increase with it, but
increasing Federal spending 55 percent at a time when you only have a
1.8-percent population growth in the country seems like a lot of
excessive spending spent on expanding and growing the size and the
footprint of the Federal Government.
Interestingly enough, at the end of that 10-year period--again, the
budget window covers 10 years--spending under the President's budget
would be $9.9 trillion--$9.9 trillion; in 2019, $4.4 trillion; at the
end of the 10-year window covered by the President's budget,
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$9.9 trillion--more than double, way more than double the amount of
spending that we had prior to the pandemic in 2019 and where some
additional spending that was added at the time was and should have been
temporary.
So those are kind of the contours of the President's budget. That is
his plan. The Senate Democrats, obviously, could put that on the floor
or they could come up with a different budget. But the point, very
simply, is they are the majority. That is their responsibility. If they
want to put a budget out, if they want to vote on a budget, put a
budget on the floor. We are happy to vote on it. We would be happy to
offer amendments to it, and they would be amendments that would reflect
the priorities that we have on our side, which call for less spending,
less government, a lighter regulatory touch, and not the massive tax
increases contemplated by the President's budget.
So that is just a point I wanted to clarify. As we have this
conversation around the budget of whose responsibility it is to advance
a budget here in the U.S. Senate, it is the job of the majority, and so
far the majority has not wanted to undertake that task. Perhaps, more
importantly, I don't think it probably wants to vote on the President's
budget, which, as I said, adds $17 trillion to the debt, which makes
the debt at the end of that 10-year period--the 10-year window, by the
way--$50 trillion; $50 trillion. That is what the President's budget
would have us at in total debt, cumulative debt, at the end of that 10-
year period, but it adds $17 trillion during that 10-year window and
increases spending from $4.4 trillion prepandemic in 2019 to $9.9
trillion. It is pretty stunning, really, but that isn't what I came to
talk about here today.