Fiscal Accountability

Mr. Speaker: I rise to focus attention on one of our most pressing crises: our rapidly deteriorating federal budget, crippled by unsustainable annual deficits and accelerating overall debt. While most prefer to deny or explain it away, we all recognize it, and we all must address it.  Our federal budget operates on principles no different from those of a business or family… Read more »

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Testimony to the House Budget Committee on the Sustainable Budget Act  November 29, 2023   Chair Arrington, Ranking Member Boyle and members of the Committee, Thank you for the opportunity to testify on the need for a bipartisan fiscal commission to address our nation’s fiscal crisis. Our budget is on an unsustainable path and the American people know it. Every metric –… Read more »

Chair Yarmuth, Ranking Member Smith, members of the Committee, thank you for the opportunity to share thoughts with you today. I need not dwell on the state of our national budget. By any measure – annual deficits, total debt, debt-to-GDP, interest as a percentage of on and on – it is severe and worsening. The only measure cited as positive – year-over-year deficit improvement – is… Read more »