Every South Dakota family must live within a budget, and I continue to believe the federal government should do the same.
For too long, out-of-control spending has been the norm in Washington. Spending across the entire federal budget must be reduced. In particular, spending on mandatory programs – those that are not subject to annual appropriations, like Social Security, Medicare, and Medicaid, among other programs – continue to grow at a rate that far exceeds discretionary spending.
In fiscal year 2018 alone, spending on mandatory programs accounted for nearly two-thirds of all federal spending. Responsible reforms to mandatory programs are necessary to ensure benefits for current beneficiaries remain unchanged, while also ensuring benefits are available for our children and grandchildren.
Our tax dollars should always be spent as wisely as possible on all matters, but especially those that are important to South Dakota and our values. I stand ready to reduce spending, enact meaningful reforms to strengthen existing programs, and ultimately put our fiscal house back in order.
It will take bipartisan cooperation to make these tough decisions, but the consequences of kicking the can down the road are too great for Congress not to take meaningful action.
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|5/23/12||Thune Calls for Tax, Entitlement Reform|
|5/23/12||Thune, Sessions Demand Transparent Plan from Obama Administration for Implementing Sequestration Cuts|
|5/17/12||1,113 Days with No Formal Senate Budget|
|4/18/12||Thune: Dog & Pony Show--without the Dog & Pony|
|3/15/12||Thune: Pass JOBS Act|
|3/13/12||Thune to Majority Leader Reid: Stop Playing Politics On Senate Floor, Take Up Bipartisan Jobs Act Now|
|3/2/12||Pain at the Pump|
|2/29/12||Thune: We Need Presidential Leadership on Budget Challenges|
|2/24/12||South Dakota is Model for Economic Development|
|2/16/12||Thune questions Secretary Geithner at Budget hearing|