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Public Statements

Concurrent Resolution on the Budget for Fiscal Year 2014

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. CAMP. I thank the gentleman for yielding and for his leadership on this issue.

Mr. Chairman, I rise in support of a Federal budget that balances so we can strengthen our economy, create more jobs, and allow American workers to start seeing an increase in their paychecks again.

I know we can do it. I was a part of a team, a Republican Congress and a Democrat President, that balanced the budget for the first time in a generation. We focused on areas where we agreed and we made some tough choices, and we should do that again.

Balancing the budget is not just about the economy. It's about critical programs like Medicare and Social Security and the benefits they provide to millions of Americans. Social Security is already spending more money than it brings in, and the Medicare trust fund is going broke fast.

What does that mean?

Well, if Congress and the President don't act, America's seniors will face significant benefit cuts. That means smaller Social Security checks, up to 25 percent less, and fewer doctors willing to take Medicare.

So what should we do?

First, we pass a budget that balances, and that's what Republicans are doing. The Democrat substitute continues a policy of borrowing and spending and raising taxes and never gets to balance. Our budget, with pro-growth tax reform, has been scored by outside experts to create a million jobs in the first year alone.

Second, we need to look at the areas where we agree with the President and start making the reforms necessary to save programs like Social Security and Medicare.

The President said he's willing to use a different formula, chained CPI, to determine Social Security benefit increases. I know that policy will be included in the RSC budget. It's an area of agreement between the parties. Well, Mr. President, if we agree, then let's do it.

The same goes for reducing Medicare subsidies.

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Mr. CAMP. The same goes for reducing Medicare subsidies for wealthier seniors.

The American people expect us to make progress where we can. Let's not let our differences stand in the way. And if we agree on a policy, let's come together to start protecting and preserving critical programs like Social Security and Medicare.

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