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Public Statements

The Federal Budget

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Date:
Location: Washington, DC


THE FEDERAL BUDGET -- (House of Representatives - October 25, 2005)

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Mrs. BLACKBURN. Madam Speaker, I thank the gentleman from Texas for his excellent work on this issue. It is a pleasure for me to stand here tonight before this body and before the American people and associate myself with his good work and with his remarks.

Madam Speaker, he was talking about looking at where we are now and going forward. I want to step back for just a moment, if I may. I am going to pick up on a phrase that our colleague from across the aisle had used when he was talking about policies, and he said those chickens are coming home to roost. Well, Madam Speaker, I will have to tell the Members chickens do come home to roost, and the Democrats spent 40 years building program after program after program after program, just layering them up and creating a government that is very expensive. And he is right, after 40 years chickens do come home to roost.

I know that is not the point that he was making there. He was trying to say that in a year or 2 years or 3 years they would come home to roost. But the point is the Democrats controlled this Chamber. They controlled the other Chamber. They had control of the White House, and they kept growing and growing and growing and growing government. And the gentleman from Texas (Mr. Hensarling) is so right in showing this chart that shows what will happen and what the tax burden will be if we do not take the steps that are necessary to cut back on the spending, and how right he is in the remarks that he has made.

History should be our guide, because 40 years of growing government has left us with many programs that have outlived their usefulness. We have got 234 different economic development programs in the Federal Government. For goodness sakes, would we not be better off with doing some streamlining?

Another comment that was made from across the aisle, as our colleagues were talking, someone mentioned something about impeding tax cuts, doing some things that would impede tax cuts. Well, I hope that the American people hear this because they may want to impede tax cuts. They may want to take more money out of working families' pockets, and what we are doing is trying to put that focus back on having working families keep more of their hard-earned money. And the way we do it is not to take more money out of their pockets. The way we do it is to go in and say government does not have a revenue problem; government has a spending problem.

Now, how do we address this? Step number one, let us look at where we are spending this money and decide, are we getting the appropriate outcome for the money that we are spending. Those are the steps that this majority is working to take in this House. We fully believe that bureaucrats need to be accountable to the taxpayers of this great Nation. And for some of our colleagues on the other side of the aisle who are sadly misinformed on this issue, we would love to sit down and visit with them and be certain that they understand this issue.

Tax reductions mean money in American families' pockets. It means control for individuals, and that is something that is very important. We are going to spend a lot of time, as the gentleman from Texas was saying, this week talking about what the steps are going to be that we are going to take to provide tax relief, to provide the right foundation for reducing what the Federal Government spends, to be certain that the Federal Government is prioritizing that budget.

The gentleman from Texas has a great chart, tax relief versus the 5-year Federal budget; and he is right on target with this.

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Mrs. BLACKBURN. Madam Speaker, will the gentleman yield?

Mr. HENSARLING. I yield to the gentlewoman from Tennessee.

Mrs. BLACKBURN. Madam Speaker, I thank the gentleman from Texas for yielding to me.

I want to go back to the chart that he has so appropriately shown, and look what happens here.

In Tennessee, we have a State that is very much like the State of Texas. In Tennessee, we are a small-business, entrepreneurial-oriented state. Small business is our major employer. The largest growing sector of our small business sector is women-owned small businesses. Women are beginning to take the reins, and we have more women creating businesses than any other part of the sector. That is where we are seeing our job growth.

What the chart shows to us is this: On those small businesses, when you lower those tax rates and you give them the opportunity to invest in their business, invest in their communities, invest in those great ideas that make American free enterprise what it is, which is what everybody in the world wants, look what happens. Faith, hope and opportunity come into play. Elbow grease, sweat equity, hard work, it goes to work, and people realize a big part of the American dream, which is owning their own business, and we know that. We realize that.

You lower those rates, you allow people to get in there with lower taxes and less regulation and have their shot at creating the American dream. And look what happens. Your revenues will grow.

Many times, Madam Speaker, and I know the gentleman from Texas has heard this, people have said, well, look, the economy has grown, revenues are up, and guess what? The deficit is lower than expected. It is amazing how free enterprise works. It is amazing how lower taxes work. It is good for this economy, it is good for the American people, because there is more money in their pocket, there is more money to invest in their businesses, and their families have more money to spend on children, on education, on the things that truly are the desires of their heart.

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