Posted on February 2, 2015
WASHINGTON, Feb. 2, 2015 – U.S. Senator Lamar Alexander (R-Tenn.) today released the following statement on President Obama’s proposed budget for fiscal year 2016:
“We need to address Washington’s spending problem and fix the federal government’s $18 trillion debt, and the way to do it is by reducing the growth of out-of-control entitlement spending. I plan to work with our Republican majority – and, I hope, the president – to make tough choices so we can pass a real plan to fix the debt while supporting other priorities like national defense and national labs and medical research.”
Alexander noted that mandatory spending – which includes out-of-control entitlement spending that is driving the growth in the federal debt – makes up about 60 percent of overall federal spending each year. Discretionary spending – the part of the budget that is already subject to spending caps under the Budget Control Act of 2011 and the Bipartisan Budget Act – makes up about 34 percent of federal spending each year and funds national defense, national labs, national parks and other federal priorities.
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