House Passes a Responsible, Balanced Budget
WASHINGTON—Earlier today, the House of Representatives passed H. Con. Res. 25, the budget resolution for fiscal year 2014. The House Republican budget stops spending money Washington doesn’t have and fosters a healthier economy to create jobs. This marks the third consecutive year House Republicans have passed a responsible budget on time.
Moments before passage of House Republicans’ responsible, balanced budget, Chairman Paul Ryan of Wisconsin made the following statement on the House floor:
“This budget debate was constructive. It revealed each side’s priorities. We want to balance the budget. They don’t. We want to restrain spending. They want to spend more. We think taxpayers give enough to Washington. They want to raise taxes by $1 trillion—just take more to spend more. We want to strengthen programs like Medicare. They seem complicit in their demise. We see Obamacare as a roadblock to patient-centered reform. They see it as a sacred cow. We think national
House Budget Committee Markup of the Concurrent Resolution on the Budget for FY2014
Welcome, everybody. I want to start by thanking the members of this committee. As you know, writing a budget is a tough job—because you have to make choices. But everybody pitched in this year. And I’m grateful for your help.
I’m especially grateful to ranking member Chris Van Hollen. This committee has a long tradition of bipartisan cooperation—which he and his staff have continued. I know we will have some spirited debates in the hours ahead. But we will hold those debates in a spirit of good will.
And we should—because we owe it to the country. After years of trillion-dollar deficits, we owe the American people a responsible, balanced budget. And for the third year in a row, we’ve delivered. This time, our plan balances the budget in just ten years—without raising taxes.
How do we do it? We stop spending money we don’t have. Historically, we’ve paid a little less than one-fifth of our income in taxes to the federal government each year. But the government has sp
Ryan: Hopeful for ‘down payment’ on debt with budget
WASHINGTON - Wisconsin Congressman and House Budget Committee Chairman Paul Ryan spoke with CBS News’ Bob Scheiffer about the importance of passing a responsible, balanced budget in order to grow the economy and pay down our debt. Ryan’s budget, The Path to Prosperity: A Responsible, Balanced Budget, was approved by the House Budget Committee on Wednesday and will be considered this week by the House of Representatives. click to play video Highlights A balanced budget is a means to a healthier e...
A Contrast in Visions
For the first time since 2009, the Senate Budget Committee met in open session and reported a budget resolution. Their effort this past week reveals why they went so long without a budget. Because they refuse to control spending, their budget imposes massive new tax increases on hardworking families. Despite all the talk of taking a “balanced approach” to the budget, Senate Democrats concede that the federal budget would never balance, ever.
This brief summarizes the key differences between the responsible, balanced-budget plan approved by the House Budget Committee and the roadmap to economic decline offered by Senate Democrats.
The Senate Democrats’ budget proposes to make the following changes:
Increase government spending by $265 billion
Increase taxes by at least $923 billion, on top of recent revenue increases
Cut defense by $240 billion, on top of recent cuts to national security
Cut health-care pr