10.30.15

Burr Votes Against Budget Bill that Relies on Accounting Gimmicks

WASHINGTON – Senator Richard Burr (R-NC) made the following statement after voting against H.R. 1314 early this morning:

“I’m disappointed in this bill. Instead of actually offsetting the cost of $80 billion in additional spending, this budget deal relies on accounting gimmicks to make the numbers work. And because it does not address our fundamental fiscal imbalances, it is estimated that this bill will increase our national debt by another $1.3 trillion over the next year and a half.  We owe our children and grandchildren an honest budget. It is deeply irresponsible to expect future generations to pay the price for our budget gimmicks and unsustainable spending. Additionally, this deal makes changes to crop insurance programs that would be devastating to North Carolina farmers. I can’t support a deal that erodes the real progress we made in 2011 on reducing spending and the deficit.”