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Pro-Growth Budgeting Act of 2012

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. HENSARLING. I thank the gentleman for yielding. I thank him and I thank our Budget Committee chairman for their kind words and their great leadership for fiscal responsibility and job growth.

Mr. Chairman, indeed, on Monday, the American people were reminded, yet again, that this President's policies have failed. It was on Monday when the Congressional Budget Office announced that this President is on track to be the first President in American history to produce trillion-dollar deficits every single year that he's in office. Part of what has created these trillion-dollar deficits is the failed stimulus program, which my friends on the other side of the aisle still tout.

The gentleman from Georgia is right: because the President can't run for reelection on his failed policies, he has, unfortunately, resorted to the politics of division and envy. But, Mr. Chairman, the American public isn't interested in a division; they're not interested in envy. They are interested in jobs. And in that respect, this President hasn't just failed; he has made our economy worse.

Almost 2 million more Americans have lost their jobs under this President's policies. We have the longest sustained period of high unemployment since the Great Depression. One in seven are on food stamps. That's the reason, Mr. Chairman, that House Republicans have a plan for America's job creators. Yesterday, we passed a bill trying to repeal a part of the job-killing health care plan of the President.

Well, today is a very modest step. It says, do you know what, before we pass another plan like the President's health care plan, wouldn't it be nice to get that report from CBO that estimated another million of our fellow countrymen might just lose their jobs. Shouldn't we empower Members of Congress with more information? Let's get the jobs that the American people so richly need and deserve. Let's empower Members of Congress to know how these pieces of legislation are going to impact jobs and economic growth.

Mr. Chairman, we must pass the Pro-Growth Budgeting Act.

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