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Concurrent Resolution on the Budget for Fiscal Year 2014

Floor Speech

Location: Unknown


Mr. RYAN of Wisconsin. I yield myself 2 minutes.

I enjoyed my friend from Maryland, and I appreciate his attempt to speak on my behalf. I will just try to do that myself. There is one thing that is identical in this budget--the base budget--and the Senate budget: it's the appropriations No. 966. It's the one thing that is equal in both the House and the Senate budgets.

The reason I rise in opposition to this budget, unlike what the gentleman just said, is that there is no way this could pass. I would say the opposite. Why? This budget never balances the budget.

You will hear Mr. Van Hollen claim that, in 2040, because of certain assumptions they, on their own, make and that cannot be verified by the CBO, they think they'll balance. It never, ever balances the budget. Here is why:

We are going to go from a $16-plus trillion debt to a $25 trillion debt in this budget--period. What does this great budget do? It shaves $612 billion off the debt. It has a $1.2 trillion tax increase. It has a $476 billion spending increase. We've got a $1 trillion deficit. We're piling debt as high as the eye can see, and they bring a budget to the floor that is increasing spending?

Let's look at every budget offered by the other side: a $1.2 trillion tax increase by Mr. Van Hollen and a $476 billion spending increase; the Congressional Black Caucus has a $2.8 trillion tax increase with $1.1 trillion spending increase; the Progressive Caucus--that's the doozy of them all--has a $5.7 trillion tax increase with a $4.065 trillion spending increase.

Here is the theme:

Take more money from the economy; take more money from families; take more money from small businesses--spend it in Washington, and hope everything works out.

It's not working out.

Families are struggling because of this borrowing, because of this debt. We need to reject this amendment and go with something that works, and that means balancing the budget to get a healthier economy to create jobs, which is precisely what our budget does.

With that, I reserve the balance of my time.


Mr. RYAN of Wisconsin. I yield myself another 10 seconds.

But the Stanford economist who did look at this Republican budget says that we will create 500,000 jobs in the first year and 1.7 million each and every year by the end of this budget window. Faster economic growth, more jobs, getting the government to live within its means, balancing the budget.

With that, Mr. Speaker, I yield 3 minutes to the gentlewoman from Indiana (Mrs. Walorski), a member of the Budget Committee.


Mr. RYAN of Wisconsin. Mr. Chairman, this green graph shows you the revenues we've historically had in America. The blue line shows you the tax increases our friends are hoping to achieve, some of which have already occurred. The red line shows you where spending is going. We have a spending problem. But the time my kids are my age, the government will be taking twice as much money to spend on the Federal Government.

Austerity is what you do when you have a debt crisis. You raise taxes and you cut spending on seniors to try and please the bond markets to stop the panic. That's the path we're on. What we're trying to do is prevent austerity.

What do we propose? Let's grow the economy. Let's reform the tax system. Let's stop picking winners and losers through loopholes, lower tax rates for everybody--families and businesses--to create jobs and economic growth. Let's open up the resources we have in this country--oil, coal, and gas--so we can bring down gas prices, increase paychecks, create jobs, help manufacturing.

We have a safety net that isn't working. We have the highest poverty rates in a generation. There are 46 million people in poverty. We need to fix this safety net so it works to get people back on their feet again. We need to save Medicare so that it's not bankrupt--because it is on a path to bankruptcy--so that current seniors can rest in comfort knowing it's not going to be taken away from them, so that the ObamaCare rationing board won't take it from them, and so that those of us who are younger can plan for it.

We need to balance the budget. Balancing the budget is necessary for a healthy economy, for creating jobs, and for giving our kids a debt-free Nation. That's why we do this. Their budget, despite what they say, never, ever balances. The budget the Senate is considering today never, ever balances.

The budget that they're talking about here, the budget that they're passing in the Senate, it actually has a net spending increase. And don't forget the fact that taxes just went up by $1.6 trillion. What do they want to do? Throw another trillion on top. Guess what? They may say it's for the rich. They may say it's for the loophole. Watch out, middle class. The tax man is coming to you. Because that's exactly what all these deficits and all these tax increases are pointing at--taking more out of the paychecks of hardworking families. We're going to balance the budget and stop that from happening. That's why I urge a defeat of the Van Hollen substitute and passage of the base bill.

I yield back the balance of my time.


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