House Budget Committee Chairman: Medicaid, Social Security should be subject to reviews the way discretionary spending is
House Budget Committee Chairman Tom Price says the process of reaching consensus every year on the federal budget needs to be overhauled and that includes opening up mandatory spending to more scrutiny and possibly even the chopping block.
Part of the problem, Price said, is that non-defense mandatory spending for programs such as Medicare, Medicaid and Social Security – which were one-third of the federal budget just 40 years ago – now account for more than 60 percent and will one day reach 75 percent.
“The slice of the pie that we control on the discretionary side, the appropriation process, gets smaller and smaller and smaller” each year, Price said. And that makes lawmakers think that their priorities are being squeezed, which makes compromise harder, he added …
Price said he hoped to change that by working through the Budget Committee to rewrite the 1974 Congressional Budget and Impoundment Control Act to make non-defense mandatory spending subject to regular reviews the way discretionary spending is.
With a national debt only expected to balloon in the coming decade, it’s imperative Congress rethink the budget process and rein in runaway spending! Click to help Tea Party Patriots encourage lawmakers to adopt a commonsense spending plan that would balance the budget within five years!