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Public Statements

A Balanced Budget

Floor Speech

By:
Date:
Location: Washington, DC

Mr. RADEL. Mr. Speaker, I rise today in support of the House Republican budget, a balanced budget. Let me be very, very clear about this. A balanced budget means jobs. Again, a balanced budget means jobs.

Think about this for a second. Your family at home, you balance your budget; why can't Washington? Businesses balance their budget; why can't Washington? And House Republicans today, all we're asking is to balance the budget in 10 years. Think about this. If you have a 10-year-old, by the time we balance the budget, your 10-year-old will basically be almost done with college.

So in a bipartisan fashion, I would say look at the 1990s. Let's look at President Bill Clinton who balanced the budget with a Republican-controlled House, opportunity and jobs ran rampant. We need to return to that today. So we're asking this President, Please, work with us, Mr. President. But what is worse in all of this is how Senate Democrats have failed to serve you. The last time that they even passed a budget was before the iPad existed--before the iPad existed.

We're willing to compromise; we're willing to work with people. But how can we work with Senate Democrats when they're not working at all? They're not doing their job at all to serve you, the American people. Their budget right now that they're working on does nothing more than raise taxes. They want more of your money, more money out of your paycheck. Ask yourself, does Washington really need more of your money?

We're $16 trillion in debt. We have deficits that we can't even wrap our arms around, and they want more of your money. If you had a financial adviser that put you a million dollars in debt and then ripped through your savings for your children's college education and all of your checking account and said, ``Yeah, just give me some more money and we'll solve the problem,'' would you do it? Absolutely not.

More than jobs, though, we're also working to save Medicare and Social Security, the commitments that we have made to the American people. So let's take a look here at the big picture. Here's a budget breakdown of where we're at right now. Look, your eyes will glaze over when we start talking about the trillions of dollars that we spend. But let's take a look at what you pay versus what you expect.

This blue part right here is on autopilot. No adults have come to the table to talk about where we're at today and how to actually save your Social Security and Medicare and Medicaid in this big blue part. We're doing that today, House Republicans, in balancing the budget. But this is what you expect from the Federal Government: your education, roads, bridges, a healthy environment, and what's mandated by the Constitution, our Armed Forces to protect us.

But this is where it gets really scary. All of this blue part here for Medicare and Social Security is what we take in. In other words, all of our cash on hand, if you will, the money that you pay the Federal Government every time you get a paycheck or pay your income taxes, this is all devoted to Medicare and Medicaid and Social Security. In other words, everything else--your education, the environment, our roads, bridges, ports, Armed Forces--all of that money to pay for that basically is borrowed. It's borrowed--or worse, just printed.

This is the sad reality that we're facing today. But with Republican House leadership and working with Democrats who are actually willing to come to the table and compromise--and not just work with us, work for you--we can save Social Security and Medicare.

And by the way, when you hear Democrats or you see the videos of them throwing your grandmother off a cliff or telling you that Republicans just want to cut, cut, cut, no; this is about save, save, save. And in the words of a hip-hop band from my generation, Public Enemy: don't believe the hype.

House Republicans are working today for you. We're working to save Social Security and Medicare. We're working to save this economy and, ultimately, this country for you.


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