Mr. WILSON of South Carolina. Mr. Speaker, it is budget week in Washington. Today, House Republicans, under the leadership of Chairman Paul Ryan, unveiled the new budget.
Our Nation has racked up nearly $17 trillion in debt due to out-of-control government spending. In order to prevent our children and grandchildren from paying higher taxes with no results, House Republicans have found a way to balance our budget over the next 10 years by cutting wasteful spending, reforming our Tax Code to create jobs, preserving entitlement programs, and expanding opportunities for all Americans.
House Republicans understand the severity of the issue and are willing to work with the Senate and the President to balance our budget. I am very pleased that due to the passage of the No Budget, No Pay Act, the Senate will return to regular order and pass a budget for the first time in 4 years. I look forward to working with the Senate and the President to cut spending and make substantial job-creating reforms that will encourage small businesses to create jobs.
In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.