Require Presidential Leadership And No Deficit Act
I rise in opposition to the motion to recommit. Thank you, Mr. Speaker. Mr. Speaker, my friend from Pennsylvania states that all we look at are spending cuts alone, that that's the way we believe the budget ought to be balanced. Certainly…
I rise in opposition to the motion to recommit.
Thank you, Mr. Speaker.
Mr. Speaker, my friend from Pennsylvania states that all we look at are spending cuts alone, that that's the way we believe the budget ought to be balanced. Certainly not. In fact, we believe strongly that pro-growth policies will actually assist in getting us to balance much, much sooner.
The CBO yesterday, in fact, said that currently the revenues within a 10-year period of time are going to double; in fact, the revenues this year, this fiscal year, will reach the 10-year average, and the revenues in the next fiscal year will be the highest level of revenues ever recorded in the history of this Nation. Mr. Speaker, we have a spending debt crisis, not a revenue debt crisis.
My colleague says that we reject a balanced approach. On the contrary. In fact, all you've got to do is read our budget. There's a balanced approach. It brings about appropriate spending reductions, appropriate closure of loopholes in credits and reductions of the Tax Code to gain revenue in pro-growth policy so that we can balance the budget.
My friends on the other side of the aisle talk about needing to vote on the sequester right way, to change the sequester right away. In fact, that's exactly what House Republicans have done two times, Mr. Speaker, in the last year, once in May, once in December. In fact, the recent bill we adopted reprioritized the spending reductions included in the sequester so that there was a calculated way to reduce spending that did not have across-the-board spending reductions. Our friends on the other side oppose that.
Mr. Speaker, the President's sequester, the item that he put in place, we have proposed positive solutions for on two occasions and passed through this House. The Senate has refused to act on those.
The President yesterday proposed a plan in a speech, not specific legislation, that, in fact, we've talked about through our proposals that we passed through this House on two occasions, in May and December of last year.
Mr. Speaker, the underlying bill is pretty doggone simple. It only asks the President to do what families do and businesses do all across this Nation every single year, and that is to make certain that we don't spend more money than we take in.
House Republicans on two occasions over the past 2 years have passed a budget that gets us on a path to balance. We will do it again. Two weeks ago we passed a bill out of this House to make certain that we held the Senate to account, to require them to do a budget, something they haven't done in the last 4 years.
The bill before us today simply says to the President, Mr. President, when you bring your budget to Congress, just let us know when it comes to balance, that's all. And, oh, by the way, the past four budgets that the President has proposed have not ever come to balance.
Mr. Speaker, it is imperative that the House and the Senate and the President work together to get a balanced budget to spend responsibly so we can reinvigorate this economy and create jobs.
Turn down this motion to recommit. I urge my colleagues to accept the underlying bill, and I yield back the balance of my time.