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Congressman Tom McClintock

Representing the 4th District of California

The Spending Problem

March 20, 2013
Speeches

The Spending Problem

House Chamber, Washington D.C.
March 20, 2013
 
Mr. Chairman:
 
Our fiscal problem can be summed up in just three numbers: 39, 37 and 64.  39 percent is the combined increase of inflation and population over the past ten years.  37 percent is the increase in revenues.  
 
The third number is killing us: 64 percent is the increase in spending – nearly twice the rate of inflation and population growth.
 
This has never been a revenue problem – it has always been a spending problem.
 
Yet, characteristic of other Democratic budgets, the Senate further accelerates spending while trying to chase it with a trillion dollars of new taxes. 
 
And despite a trillion dollars of new taxes they still can’t ever balance their budget.  There’s a reason.  It’s because this is a spending problem and dogmatically trying to address it on the revenue side will simply drive more and more spending until we become Greece.  Or Detroit.
 
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Remarks delivered March 20th, 2013 in opposition to adoption of Senate Budget.