Mr. GINGREY of Georgia. Mr. Chair, I rise in strong support of the substitute amendment offered by my colleague from Georgia, Mr. Woodall. I commend him on authoring this substitute amendment on behalf of the Republican Study Committee.
At a time when we have over $16.5 trillion in debt, this budget reduces spending by $6.5 trillion over ten years and reduces deficits by $5.9 trillion. Furthermore, the Woodall amendment completely repeals ObamaCare, and it rolls back the tax increases associated with the fiscal cliff. In doing so, this budget decreases taxes by $685 billion over the budget window.
Mr. Chair, unlike any other of the substitutes offered today, the RSC budget will achieve balance by 2017 without holding funding for our servicemen and women hostage. This budget also significantly reforms our entitlement programs so we can ensure their long term solvency for future generations.
Mr. Chair, I believe that this is a sensible budget that puts the proper priorities in line. I ask all of my colleagues to support it.