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Concurrent Resolution on the Budget for Fiscal Year 2013

Floor Speech

Location: Washington, DC


Mr. PASCRELL. When I was introduced to this budget, the chairman of the Budget Committee stated that his reason for turning Robin Hood on his head was to stop an ``insidious moral tipping point.''

Madam Chair, I can only assume April Fools came early and this budget resolution is a joke.

We're going to steal from the middle class and working poor because we need to stiffen their upper lips and improve their moral fiber.

Let's talk about moral fiber. Where were the morals of the bankers on Wall Street who drove this economy off the cliff? They're doing just fine today. They're not doing time. But the middle class is still struggling and millions of Americans are unemployed.

You don't have to look far to see what the real intentions of this budget are. It's a 30-year pathway to poverty and shrinking the middle class even further.

Don't take my word for it. When asked if his tax plan would hurt the middle class, the chairman of the Budget Committee responded with: I don't know. There's no way to know that. Are you playing Russian roulette with a shrinking middle class?

Madam Chair, let's try and help the chairman figure this out. The $4.6 trillion tax giveaway to the very wealthy in this budget means that the middle class homeowners lose their mortgage interest deduction and property tax deduction, students lose the deduction for interest on student loans, small businesses lose tax credits for buying insurance, and future seniors will have Medicare turn into a voucher program that will make them pay $6,000 more out of pocket by 2022, because this Republican budget cuts $800 billion from Medicare.


Mr. PASCRELL. Premium support doesn't reduce costs. It simply shifts them to seniors without the guarantee of Medicare benefits.

Seniors like Medicare. Take it from me, they like the security it provides them, and it controls costs better than any private sector plan, and it costs less than any private sector plan. This is not a plan to strengthen Medicare. This is a plan to slowly drown it.


Mr. PASCRELL. And leaving no working family's stone unturned, this budget takes 62 percent of its $5.3 trillion in nondefense budget cuts from programs that protect the most vulnerable in this society, which includes food stamps, Head Start, and the Women, Infants, and Children Nutrition Program.

This is a joke.

Thank you for presenting it to us. We'll present our own.


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