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Public Statements

We Must Balance Our Budget

Floor Speech

Location: Washington, DC

Mr. WILSON of South Carolina. Mr. Speaker, this week, House Republicans will pass a balanced, responsible budget. Our proposal achieves balance over the next 10 years and will help small businesses create jobs.

Unfortunately, the concept of ``balanced budget'' is not appreciated by the President and Senate leadership. The President has called for reducing our nearly $17 trillion national debt, but actually it is increased taxes now with unlikely budget reductions in the future. Likewise, the Senate's budget proposal does not achieve balance but instead increases taxes to accelerate more government borrowing.

House Republicans understand the need for a balanced budget. By balancing our budget, America's small businesses will receive the economic certainty they need to create jobs. It is my hope that Senate leadership and the President begin to focus on balancing our budget, rather than continue to spend beyond our means and placing an undue burden on the backs of children and grandchildren.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.

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