On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
70° Feels Like: 70°
Wind: N 12 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Clear 52°

Tomorrow

Sunny 74°

Thurs Night

Clear 53°

Alerts

Huizenga Grills Bernanke on Long-Term "Entitlement" Funding Reform

by
Image from C-SPAN of US House Rep. Bill Huizenga (R-Zeeland) during a Feb. 27, 2013 House Financial Services Subcommittee hearing. (photo courtesy office of US House Rep. Bill Huizenga)
Image from C-SPAN of US House Rep. Bill Huizenga (R-Zeeland) during a Feb. 27, 2013 House Financial Services Subcommittee hearing. (photo courtesy office of US House Rep. Bill Huizenga)
Remarks from Bill Huizenga a... (Download MP3)

WASHINGTON (WHTC) - While most of the attention dealt with the here and now when Ben Bernanke appeared before the House Financial Services Subcommittee yesterday, one Congressman had something more long-term in mind when he had his five minutes with the Fed Chairman. Bill Huizenga had asked Bernanke how he would respond to “those who say that we can’t or shouldn’t reform” long-term federal program funding. Bernanke said that "I don't think that we have any choice. I've tried throughout this discussion to always have two parts to the recommendation. With the idea being that we want to reduce somewhat the fiscal drag in 2013, and I didn't -- you know, I'm not speaking only about the sequester, I talked about all of the fiscal actions which collectively are about 1.5 percentage points according to CBO, but I'm not here to recommend that we just kick the can indefinitely down the road. I think it's very important to address." Huizenga claims that as much as three-fourths of federal spending is on “auto pilot” with funding entitlement programs that aren’t affected by the Sequester or other cuts currently under discussion in Washington.

Comments