Uploaded on Apr 3, 2009
Congressman Paul Ryan (WI-01)
Ranking Member of the House Budget Committee and author of the Republican Budget Alternative
April 2, 2009 - Budget Battle on the House Floor
The next speaker [Majority Leader Steny Hoyer] was quoted a couple years ago, as saying about the Republican budget, when we had a deficit of $248 billion: This constitutes nothing less than fiscal child abuse because they will morally force our children and grandchildren to pay our bills.
I couldnt have said it better myself, Madam Chair. That is exactly whats happening, but the budget deficit isnt $248 billion. Its $1.8 trillion. We dont even get close to $248 billion under these budgets.
Yes, we have a tough fiscal situation. We have inherited it, you could say. The question is: What are we doing about it? Are we making it better or are we making it worse?
The Presidents budget, which is here on the floor, makes it so much worse:
- Doubles the debt in five-and-a-half years; triples it in ten;
- Massive tax increases in the middle of a recession - on everyone;
- Chases ever-higher spending with ever-higher taxes, forever.
We have different ideas. We have differences. Nowhere else is it more clear about the differences between our two parties than it is today.
The gentleman has spent the last 20 minutes criticizing us for cutting spending: guilty as charged. Yes! We need to cut spending! Wow! I said it Holy Cow in Washington a novel idea.
You know what? We spend too much money in this government. Weve got to prioritize spending. The American people guess what this is their money. We dont just make it up. (well actually theyre printing a lot of it down at the Federal Reserve now more than they should).
This comes from the American people. It is their money. You keep taking it away from them, you know happens at the end of the day, Madam Chair, they dont have as much freedom.
They dont have the ability to put groceries on the table. They dont have the ability to pay their mortgage, which might be underwater.
The engine of this economy of this country is not its government, its its people.
And we believe that we need to get serious about our fiscal situation. Dont raise taxes in a recession. Dont borrow and spend your way to prosperity it never worked in any other country, why would it work here?
Lets get our fiscal house in order. Lets get our deficit down. Lets get our borrowing down. Lets get our taxes down. Lets get more jobs and more freedom in this economy
Thats exactly what our budget does. Its responsible. Its serious. It gives me the ability to go home tomorrow and look my three kids in the eyes, when I hug them, and kiss them, and tell them: I just made right by you because I just went to work to make your future better.
Im going to go home with a clear conscience. I hope you can do the same.
House Republican Budget Alternative: http://www.house.gov/budget_republica...