WASHINGTON – During a hearing Wednesday on the Congressional Budget Office's budget and economic outlook for fiscal years 2018 to 2028, U.S. Senator Bob Corker, R-Tenn., a member of the Senate Budget Committee, discussed how Congress as a whole and the Trump administration have neglected fiscal responsibility.
"None of us have covered ourselves in glory," said Corker. "This Congress and this administration likely will go down as one of the most fiscally irresponsible administrations and Congresses that we've had."
Recent analysis by the Committee for a Responsible Federal Government showed that the vote to increase the discretionary spending caps in the recent $1.4 trillion omnibus spending bill, if made permanent, would add $2 trillion to the national debt, including interest costs. Corker voted against that spending bill, calling it "one of the most grotesque pieces of legislation I can remember."
Corker noted that members of both parties have been careless on deficits and incapable of addressing our country's fiscal instability.
"But, let's face it ... both sides of the aisle are totally remiss as it relates to deficits," concluded Corker. "I listen to this partisan bickering over blaming people, it's ridiculous. We are absolutely not capable of dealing with our country's finances, and, of course, a big part of it is the American people don't really want it to be controlled."