M.H. West & Co., Senior Health and Business Officer, Michael J. Byrnes recently attended the Hampton Roads Chamber of Commerce event, “Brunch & Budget with Senator Mark Warner.” The event included approximately 150 business leaders from across the Hampton Roads area to listen to Senator Warner provide his thoughts and plans for reducing the $14 trillion national debt.
Senator Warner discussed the nation’s budget and its many components stating that none of the budget components should be off limits to cuts or reforms. He observed that reducing waste throughout government and providing reforms to programs and spending are a large aspect of reducing the national debt. Also, Senator Warner indicated that the cuts cannot be restricted to just the 14% of the budget that has continuously been the target of legislative budget cuts over the years. Entitlement reforms, tax increases, and spending cuts all have to be part of the equation for progress to be achieved, he stated, further noting that the growing national debt was the single biggest threat to our country’s existence and future.
Also discussed by Senator Warner were the “gang of six” Senators, that he was co-founder of, (3 Republicans and 3 Democrats) that were attempting to prepare recommendations on the budget as a bipartisan commission. (more…)