Michael B. Enzi

Mr. President, I thank the Senator from Ohio for his outstanding comments on faith-biased security and the immigration crisis that we are facing and the solutions he suggested. We have a lot of work to do there.

Now you get to hear from the accountant.

I come to the floor today to call attention to the Federal Government's unsustainable fiscal outlook.

Yesterday in the Senate Budget Committee we had a hearing on fixing our broken budget and spending process, with a focus on securing our country's fiscal future. Our witness was the Comptroller General of the United States, the head of the Government Accountability Office.

In April of this year, GAO issued its third annual update on the nation's fiscal health. The report concluded that the Federal Government is on an unsustainable fiscal path.

A Congressional Budget Office report released this week on the long- term budget outlook painted a similarly bleak picture, noting that our surging Federal debt is putting our Nation at risk of a ``fiscal crisis.'' This is one of the charts we got to see. I know it is pretty hard for people to read. We are figuring out a way to make this bigger.

The impact will be tremendous. It shows that, in 2019, Social Security spending passed the $1 trillion mark annually. In 2021, the highway trust fund will be unable to meet all obligations. In 2022, the discretionary spending caps will expire, allowing unlimited spending. In 2025, the Pension Benefit Guaranty Corporation multiemployer fund will be depleted. It will be insufficient to pay full benefits to insolvent pension plans. In 2025, CBO projects the net interest spending will surpass the spending on national defense. In 2026, the Medicare hospital insurance trust fund will be depleted. With some incoming revenue, it will be sufficient to pay 91 percent of hospital- related Medicare spending, which is already forced to be low.

In 2030, the net interest spending will exceed $1 trillion annually. The interest will exceed $1 trillion annually.

In 2031, mandatory spending and interest will consume all Federal revenue. It means we will not get to make any decisions on anything that isn't mandatory, which we don't get to make decisions on right now.

In 2032, the Social Security trust fund will be depleted. The amount of money coming in that will be paid out right away will only pay 77 percent of the scheduled benefits. I will cover that more later.

Those are a few of the fiscal cliffs we are facing that could be solved now, that have to be solved now. If they are solved now, they have simpler, less impactful problems than if we wait until the cliff gets here.

The Federal Government is swimming in a sea of red ink that threatens to drown America's future generations. If current laws don't change, debt as a percentage of GDP, will soar to unprecedented levels over the next 30 years. Let me repeat that. If current laws don't change, debt as a percentage of GDP--that is production--will soar to unprecedented levels over the next 30 years. By 2037, our debt-to-GDP ratio--that is debt-to-production--will surpass the historical records set in the aftermath of World War II. By 2049, debt will stand at 144 percent of

Mr. President, section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985, BBEDCA, establishes statutory limits on discretionary spending and allows for various adjustments to those limits. In addition, sections 302 and 314(a) of the Congressional Budget Act of 1974 allow the chairman of the Budget Committee to establish and make revisions to allocations, aggregates, and levels consistent with those adjustments.

The Senate will soon consider S. Amdt. 901 to H.R. 3401, the Emergency Supplemental Appropriations for Humanitarian Assistance and Security at the Southern Border Act, 2019. This measure provides supplemental appropriations to address humanitarian assistance and security at the border. The measure contains spending that qualifies for cap adjustments under current statute.

This measure includes $4,586 million in budget authority that is designated as being for emergency purposes pursuant to section 251(b)(2)(A)(i) of BBEDCA. Of that amount, $145 million is for spending in the security category and $4,441 million is for nonsecurity spending. CBO estimates that this budget authority will result in $1,048 million in outlays in Fiscal Year 2019.

As a result of the aforementioned designations, I am revising the budget authority and outlay allocations to the Committee on Appropriations by increasing revised security budget authority by $145 million, revised nonsecurity budget authority by $4,441 million, and outlays by $1,048 million

in Fiscal Year 2019. Further, I am increasing the budgetary aggregate for Fiscal Year 2019 by $4,586 million in budget authority and $1,048 million in outlays.

I ask unanimous consent that the accompanying tables, which provide details about the adjustment, be printed in the Record.

Mr. President, I wish submit to the Senate the budget scorekeeping report for June 2019. The report compares current-law levels of spending and revenues with the amounts the Senate agreed to in the Bipartisan Budget Act of 2018 BBAl8. This information is necessary for the Senate Budget Committee to determine whether budgetary points of order lie against pending legislation. The Republican staff of the Budget Committee and the Congressional Budget Office, CBO, prepared this report pursuant to section 308(b) of the Congressional Budget Act, CBA.

This is my fifth scorekeeping report this year. My last filing can be found in the Congressional Record for May 22, 2019. The information included in this report is current through June 24, 2019.

Since my last filing, Congress has cleared three pieces of legislation with significant budgetary effects. The first, the Additional Supplemental Appropriations for Disaster Relief Act, 2019, P.L. 116-20, provided $19.1 billion in emergency discretionary appropriations to address recent natural disasters. The second, the Blue Water Navy Vietnam Veterans Act of 2019, H.R. 299, increased compensation for certain veterans and modified veteran home loan programs. The final bill, the Taxpayer First Act, H.R. 3151, modified several rules that govern the organization of and operations at the Internal Revenue Service.

Budget Committee Republican staff prepared Tables A-C.

Table A gives the amount by which each Senate authorizing committee exceeds or is below its allocation for budget authority and outlays under the Fiscal Year 2019 enforceable levels filing required by BBA18. This information is used for enforcing committee allocations pursuant to section 302 of the CBA. For this reporting period, 9 of the 16 authorizing committees are not in compliance with their allocations. Over the current 10-year enforceable window, authorizing committees have increased outlays by a combined $3.6 billion. Of the bills clearing Congress this reporting period, H.R. 299 added to the Veterans' Affairs Committee's existing violations, including an increase in spending of $394 million over the 10-year window, while H.R. 3151 reduced spending scoreable to the Finance Committee by $201 million over the same time period.

Table B provides the amount by which the Senate Committee on Appropriations is below or exceeds the statutory spending limits. This information is used to determine points of order related to the spending caps found in sections 312 and 314 of the CBA. Appropriations for Fiscal Year 2019, displayed in this table, show that the Appropriations Committee is compliant with spending limits for the current fiscal year. Those limits for regular discretionary spending are $647 billion for accounts in the defense category and $597 billion for accounts in the nondefense category of spending.

The Fiscal Year 2018 budget resolution contained points of order limiting the use of changes in mandatory programs in appropriations bills, CHIMP. Table C, which tracks the CHIMP limit of $15 billion for Fiscal Year 2019, shows the Appropriations Committee has enacted $15 billion worth of full-year CHIMPs for this Fiscal Year.

In addition to the tables provided by Budget Committee Republican staff, I am submitting CBO tables, which I will use to enforce budget totals approved by Congress.

For Fiscal Year 2019, CBO estimates that current-law levels are $2.9 billion above and $3.3 billion below enforceable levels for budget authority and outlays, respectively. Revenues are $426 million below the level assumed in the budget resolution. These figures remain unchanged since the May Scorekeeping Report, as the appropriation provided in P.L. 116-20 was accompanied by a concurrent and equivalent increase in aggregate spending levels pursuant to section 314 of the CBA. This adjustment can be found in the Congressional Record for May 23, 2019. Further, Social Security revenues are at the levels assumed for Fiscal

Year 2019, while Social Security outlays are $4 million above assumed levels for the budget year.

CBO's report also provides information needed to enforce the Senate pay-as-you-go, PAYGO, rule. The PAYGO scorecard shows deficit increases in Fiscal Year 2019 of $1,957 million, $427 million revenue loss, $1,530 million outlay increase; over the Fiscal Year 2018-2023 period of $3,412 million, $907 million revenue loss, $2,505 million outlay increase; and over the Fiscal Year 2018-2028 period of $800 million, $798 million revenue loss, $2 million outlay increase. During this reporting period, H.R. 3151 had the effect of reducing deficits by $37 million over both the Fiscal Year 2018-2023 and Fiscal Year 2018-2028 periods, while H.R. 299 increased deficits by $76 million and $394 million over the same periods, respectively.

This submission also includes a table tracking the Senate's budget enforcement activity on the floor since the enforcement filing on May 7, 2018. Since my last report, no new budgetary points of order were raised. On May 23, 2019, however, a Senator made a preemptive motion to waive all applicable points of order against the supplemental appropriations bill that would become P.L. 116-20.

All years in the accompanying tables are fiscal years.

I ask unanimous consent that the accompanying tables be printed in the Record.