Enzi Steers Congress Toward a Sustainable Fiscal Path
While much of Wyoming was dealing with Winter Storm Ulmer Wednesday, March 13, Wyoming Senator Mike Enzi was overseeing a hearing on President Donald Trump’s 2020 budget.
Enzi currently serves as Chairman of the Senate Budget Committee, which is responsible for drafting Congress’s annual budget plan and also monitoring the Federal Government Budget.
“It is no secret the federal government spends more than it takes in and will soon produce annual deficits exceeding $1 trillion,” Enzi said. “Make no mistake, both sides share in the blame of rising deficits and debt, and both sides must work together to address these issues.”
Acting White House Budget Director Russell Vought outlined the president’s vision for the proposed budget before taking questions from the committee during the hour-long hearing.
This is just the beginning of the federal budget process. Enzi stressed that he would like to see the nation on a more sustainable fiscal path.
“Just as these problems did not arise overnight, they are not likely to be solved overnight,” Enzi said. “That’s why in the coming weeks I’m hoping to put forward a budget resolution with reasonable, achievable deficit reduction targets as a first step in turning the tide of red ink.”
As a rare accountant in the Senate, Enzi noted that mandatory spending and interest on the debt represents more than two-thirds of what the federal government spends each year. And in the next decade, over half of all non-interest mandatory spending will be spent on Social Security and Medicare alone.
Trumps 2020 budget message was released Monday. For a little “light” reading, view the full document here.