Heller: Federal Government Must Stop Spending Money We Don’t Have

By: Staff Email
By: Staff Email

(Washington, DC) – Today, U.S. Congressman Dean Heller (R-NV) made the following statement on his support for the Fiscal Year 2012 Budget (H.Con.Res 34).

“The federal government must stop spending money we don’t have. Our national debt will serve as an anchor that drags down the economic opportunity of our children and grandchildren. The choices are clear, we can continue with the status quo which leads to bigger government, higher taxes, less jobs, and rationed health care for our seniors or we can decrease government spending, create jobs, and preserve Medicare for future generations while making no changes for current recipients. It is time for government to be accountable to the American people and make decisions that lead the way for greater prosperity and fulfills our promises to future generations,” said Heller.

Fiscal Year 2012 Budget Facts
Medicare
- The budget proposes no changes for Medicare recipients age 55 and older. The current trajectory of government spending on health care is unsustainable. Without changes, according to the Congressional Budget Office, the Medicare program could collapse by 2021.

- Beginning in 2022, those aging into Medicare will have a “premium support system,” similar to Medicare D in which the federal government provides financial backing to the private insurer of one’s choice.

- Lower income seniors and those with higher health care costs because of illness will receive a larger sum of financial support.

- The Democrat’s health care law cut more than half a trillion from Medicare. The FY 2012 budget would reinvest these funds back into the Medicare system.

Medicaid
- This budget does not cut Medicaid. In fact, it spends more on Medicaid each year than it does the previous year.

- The budget proposal follows the successful model of 1990’s welfare reform, which provided federal welfare funds to states in the form of block grants.

- In converting all federal spending on Medicaid to block grants, governors, state legislators, and other state-level health administrators will have the ability to direct funds in a manner that works best for their states and their citizens.

Tax Reform
- It broadens the tax base to lower tax rates. There are no net tax cuts in this budget.

- Calls for fundamental corporate tax reform that scales back the deductions, loopholes and carve-outs that are distorting the corporate code.
- Keeps overall revenue as a share of the economy at historical averages between 18 and 19 percent, a level compatible with growth, and sufficient to fund government operations while paying down the debt.


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