Concurrent Resolution On The Budget For Fiscal Year 2005
Mr. Chairman, I rise to join in the discussion on a matter of grave concern I think to every American taxpayer, every American worker, every American that relies on a Federal program that is essential to them, to every American that relies…
Mr. Chairman, I rise to join in the discussion on a matter of grave concern I think to every American taxpayer, every American worker, every American that relies on a Federal program that is essential to them, to every American that relies on the Federal Government for our safety and security, and that is the issue of fiscal responsibility by our Federal Government, an issue that is really long overdue as we look back. And I stand here and I commend the efforts of the gentleman from Iowa (Chairman Nussle) for the work he has done on this committee to bring us a budget that is now responsible.
Right now we are spending $521 billion in deficit spending. That, very simply put, means we are spending every year $521 billion more than we are taking in on the other side. I may be relatively new to Washington, being a freshman as I am, but I can tell the Members back in my State of New Jersey, there is not one business that could operate that way. There is not a State government that could operate that way. As a matter of fact, most States have to have a balanced budget at the end of the year.
And yet when I come here to the House, it seems that Members on the other side of the aisle just barely take notice to the problem. And I say that because I serve on the committee, and it was just a week ago when we were in that committee discussing these very same issues and amendment after amendment after amendment was proposed by the other side of the aisle. A total of $28 billion was proposed in additional spending. I do not know whether those amendments, when they were doing that, whether they were simply playing politics at the time or whether they simply do not care about all this excessive deficit spending. Either way it is not a good example for this House to be setting for the American public. At the end of the day, what all that means is that we are adding to the fiscal drag on the American family budget. We are already looking at some $20,000 per household, $20,000 that the average household would say that they would love to be able to spend as they see fit, whether it is on their kids' education, on their kids' health care, or other such priorities as they deem fit instead of Congress deciding how they are going to be spending their money.
We are stuck under their proposal of spending additional funds even though in the past we have been spending more in Washington at a rate greater than inflation. Opponents on the other side of the aisle agree, I would assume, that deficits are caused by spending more than we are taking in. But they will argue that it is not because we are spending too much money; it is because we are taking in too little revenues. So their answer to the problem, as it has been all day and repeatedly during the committee as well, is that we do not cut spending, we increase taxes.
Mr. Chairman, I strongly disagree. I believe that the American public is already taxed far too much. We are just learning now that there is a correlation between cutting taxes and job growth and an expansion of the economy. Now would be the absolute wrong time to go in the opposite direction and raise taxes. When more people are working because we have cut taxes over this past year in the budget this committee put out last year, when more people are working, when there is more job creation, when consumer confidence is increased, when there is more consumer spending, there is more economic growth. That relates and that causes more revenue to come in. And that also causes people to be less dependent on the Federal Government, which means on the other side of the ledger, we can spend less, all those good things.
But however we look at the issue of making the economy grow, I think that one thing we can agree on is we are in the midst right now of a war on terrorism. We have potential daily threats on every side of us. We have deficit spending in the past years that we have to reconcile. Now is not the time, as the other side of the aisle suggests, that we should be raising taxes. Now is the time that we should move forward with a fiscally responsible budget, as has been proposed by our chairman, to put this House back in order.