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Concurrent Resolution on the Budget for Fiscal Year 2012

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. GOODLATTE. I thank the gentleman for yielding.

I rise in strong support of the Republican Study Committee budget alternative.

The fact of the matter is we're broke. The Federal budget deficit is projected to exceed $1 trillion for the next 2 fiscal years and exceed $800 billion annually for at least the next decade. We cannot sustain this path without bankrupting our country.

Congressman Ryan's budget proposal is a great start and sets us on a path to bringing the budget into balance. However, that proposal takes 28 years to do so. I support and will vote for his budget, but I am concerned about what will happen to it if future Congresses are not as willing to make the tough choices that are necessary to see this budget path to completion. That's why I strongly support the RSC budget, which balances the Federal budget within 9 years.

Ultimately, we need a constitutional amendment to require a balanced budget to force all future Congresses to make these tough decisions, but the RSC budget does the best job of getting our fiscal house in order as quickly as possible. And now I urge all Members to support it.

The RSC Budget Proposal:

Puts forward commonsense reforms to improve Medicare and Medicaid by offering increased choices and improved services, and takes steps to save Social Security.

Repeals ObamaCare to eliminate $677 billion in additional spending over 10 years.

Freezes total discretionary spending at 2008 levels ($933 billion) beginning in 2013.

Prevents any new tax increases, repeals the unaffordable $813 billion tax increase included in ObamaCare, and proposes a smarter tax code that would lower rates while broadening the tax base.

Reduces unnecessary mandatory spending--other than Medicare, Medicaid, and Social Security--by $1.9 trillion between 2012 and 2021.

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