04.29.18

Senator David Perdue Talks Budget Realities On Larry Kudlow Show

“No other enterprise in the world would survive with these kind of budget failures.”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) yesterday joined Stephen Moore on The Larry Kudlow Show to discuss the realities of Congress’ failed budget process.

 larrykudlow

Highlights:

Ballooning Interest Payments: “This year the federal government will spend $50 billion more in interest because of the size of the debt. In five years, the government will pay more in interest on the debt than it does in defending our country.”

20 Shutdowns: “Congress in its infinite wisdom has used 180 continuing resolutions and shut the government down 20 times over the last 44 years. This is insanity. No other enterprise in the world would survive with these kind of budget failures.”

Funding Shortfalls: “The government is short $800 billion this year. Not next year, this year. This shortfall is so big that Congress can’t produce a budget that balances in 10 years unless it makes significant changes to expenditures and revenue.” 

A Farce And Fraud: “For years, to theoretically show a balanced budget, the government has been delaying expenses and accelerating revenue, along with other tricks. It’s a farce and a fraud. If businesses in the real world did this, people would go to jail.”

Time To Act Now: “We’ve got to fix this failed budget process and cut outrageous spending now.”

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Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.