Why the Budget is my Number One Caucus Issue
In 2004, it was national security. In 2008, it was leadership. In 2012, it was vision. In 2016, it is the budget.
That is the main issue I am using to select my candidate to caucus for and support throughout the nominating process.
As a millennial, what happens in these next ten years will have more impact on my financial future than any that have come before or will come after.
To end the year last year, Congress passed an omnibus bill, funding the majority of the government (A+ for effort; jokingly) but in the process, increased the debt by an estimated $2 trillion over the next 20 years. So, in one year, the federal government increased the burden on my generation by 10.5 percent!
As a new homeowner, my husband and I had to analyze our finances as we decided what size of a mortgage we could afford given our current income and future goals. In fact, that is what every homeowner has to do.
But for some reason, the federal government doesn’t do the same thing. Instead, in this bill, they not only cut taxes but raised spending. Each time I go to an event, I try to ask a question focused on the budget.
I would love less expensive college for my future child. I would love better roads. I would love lower taxes for everyone. And I would love the cleanest environment money can buy. But when we outspend ourselves, none of that is possible without the mother-of-all tax increases, on everyone.
Here are the facts:
- While our annual deficit will continue to decline for the next two years, it will increase again in 2018, and continue climbing thereafter, adding to our national debt.
- Under current law, debt will exceed the size of the economy by 2039.
- The combined Social Security Trust Fund will be exhausted by 2034.
I hate to be the bearer of bad news but the facts aren’t lying anymore:
My generation is not set up to be as successful in achieving the “American Dream” as the generations before.
But we can change that. That is why the budget is my number one issue. I care about a lot of issues, but the one that trumps them all, is the budget.