Any budget passed by Congress will require compromises and flexibility.
My approach to eliminating our budget deficit, reducing uncertainty, and building an environment for economic growth will be to find a mix of spending cuts and revenue increases in roughly equal proportions.
I will ask those who can afford it to pay a little more and will be cautious and fair as we make hard choices about which government programs to cut.
I will not balance our federal budget on the backs of the middle class, or on seniors or working families that rely on bedrock government programs like Social Security, Medicare, and Medicaid.
I do not support Republican plans to turn Medicare into a voucher program, but do strongly back efforts to get health care spending under control.
Experts estimate that up to one-third of all health care expenditures go toward unnecessary care, waste. and fraud. Health care costs currently eat up 24 percent of the federal budget and will rise even higher unless we aggressively implement reforms under the Affordable Care Act to bend the cost curve of medical spending.
The ACA gives consumers, doctors, hospitals, and insurance companies incentives to reward care that keeps patients healthier – and therefore spend less – rather than simply paying for every procedure prescribed by providers.
We simply cannot begin to address rising deficits without tackling health care costs.