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Public Statements

Requirement in Budget Submission with Respect to the Cost Per Taxpayer of the Deficit

Floor Speech

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Date:
Location: Unknown

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Mr. DUFFY. Mr. Speaker, I appreciate the gentleman for yielding.

My good friends across the aisle talk about loopholes and tax reform. They might forget that over the last 2 years, this House and this party have put forward legislation that does away with the loopholes as part of a larger tax reform proposal.

My friend across the aisle continually talks about a smart and balanced way to balance the budget. He talks about responsibility. But if you ask him, Mr. Speaker, for his legislation, when does the Democrat bill balance? When does their budget balance? It never does. Ask him: does it balance in 10, 20, 50 years? How about 100 years? Does your budget balance in 100 years? Never does it balance. That is not a balanced approach.

The Senate hasn't put forward a budget in 4 years. The President's budget, not one Democrat in this Chamber or the Senate voted for the President's budget. And that one, too, never, never balances. That's not a balanced approach. America deserves better.

But on this current legislation, America and Americans have a right to know how much their government is accumulating in debt in their name. Grandparents and parents, they have a right to know how much debt is going to be passed on to their grandchildren and their children. Those little preschoolers, those toddlers, those infants that are going to inherit this massive debt, they have a right to know. How about those young adults that are getting out of high school and tech school and out of college? They have a right to know as they look at their car loans, at their student loans, at that new house loan. They have a right to know how much they're going to inherit and pay back over the course of their working years for this irresponsible debt. Americans have a right to know.

This legislation is important because this is the first step to making sure that America knows the fiscal trouble we're in, and to encourage our friends across the aisle to get together and not use terminology of a balanced approach but actually give us a balanced budget.

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