Members of Congress will formally vote on the budget compromise reached over the weekend that averted a government shutdown. 5th District Congressman Mick Mulvaney told Fox News Tuesday morning that he wants to find out what the terms of the agreement are before he formally votes for or against it Thursday.
I voted against it simply because I haven’t seen the terms yet. We’ve been promised the details later today (Tuesday) in terms of what this additional $28 billion on top of the $10 billion in cuts we already had. I want to actually see where those cuts are being made. I think it’s important to see where the money is coming from, and to see the details of some of the riders that did make it through the debate.
House Budget Committee Chairman Wisconsin Republican Paul Ryan’s plan to shave $6 trillion from federal government spending over 10 years is being applauded by fellow GOP members of Congress including Mulvaney. Ryan’s plan would include a major overhaul of the Medicare and Medicaid government health care programs that Democrats say will hurt children and seniors. Mulvaney says the one problem he sees with the Ryan plan is that it doesn’t go far enough.
We think it’s a tremendous statement of policy. In fact, I think it’s going to be looked back on as one of the landmark documents in our party’s history. We just don’t think it goes far enough in terms of balancing the budget quickly enough. The Republican study committee will be building on what Congressman Ryan has done. In our budget committee, I voted for it. We have to now build on it to actually get the budget to balance within the 10-year window that the law sets forth for the budget.
Sunday on NBC’s “Meet the Press” White House Senior Adviser David Plouffe declared that the Ryan plan had no chance of becoming law. President Obama is set to lay out his long-term deficit reduction plan Wednesday.
Mulvaney says to balance the federal budget, substantive changes will have to be made to entitlement programs including Social Security. Mulvaney says the retirement age must be gradually raised to 70.
In Social Security we raise it from 67 to 70 by going to folks who are 59 and ask them to work an additional two months and work from there until we get to the age for Social Security full retirement to 70. We would do the same thing to raise the retirement age for Medicare to 67.
Debate on the raising of the nation’s debt ceiling from its present $14.3 trillion level is expected to heat up soon. The Obama administration has been calling for a rise in the debt ceiling to avoid the specter of the U.S. government defaulting on its obligations. Mulvaney says he could vote for raising the debt ceiling if corresponding measures are taken to curb the government’s appetite for spending money it doesn’t have.
I said that I would be more than willing to consider voting for the debt increase if it comes with real structural, what I call, cultural change to Washington. Not one time savings, not a little bit of cost savings here and there, but something that changes the way this town does business. Just nibbling around the edges and making small cuts here, small cuts there, even large one time cuts here or there is not going to change the way this town does business. Until we change that, my guess is we’ll never get our house in order fiscally.