Washington, D.C. – U.S. Senator Jerry Moran (R-Kan.) issued the following statement regarding the latest Congressional Budget Office (CBO) report predicting the government will run a deficit of more than $1 trillion for the fourth straight fiscal year:
“Today’s CBO report was a sober reminder that Congress and the President cannot continue to ignore our country’s fiscal problems. America’s debt now stands at more than $15 trillion and has grown by nearly $4.5 trillion in the past three years alone. This report is yet another wake-up call for reduced spending in our nation’s capital. Families across our nation have to live within a budget, and our government should do the same.
“Kansans understand the solution to our debt crisis is to stop spending money we do not have. A good starting point would be the recommendations put forth by the Bowles-Simpson Commission, which have bipartisan support in Congress.”