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  • House Budget Committee Markup: Budget-Process-Reform Bills
    Posted in Speeches and Statements on June 19, 2013 | Preview rr
    Tags: Economy / Financial , Budget Process Reform

    Welcome, everybody. I want to start by thanking the members of this committee—especially Vice Chairman Price and Congressman Woodall. They wrote the bills we’re considering today: the Baseline Reform Act and the Pro-Growth Budgeting Act. They may sound a little technical. But the idea behind them is pretty simple. There’s a bias toward spending money in Washington. It’s built into the very tools we use to write our laws. These bills would remove that bias. And they have my full support. Let’s t... Read more

  • House Budget Committee Hearing: The Department of Defense and the Fiscal Year 2014 Budget
    Posted in Speeches and Statements on June 12, 2013 | Preview rr
    Tags: Defense, FY 2014 House Budget

    Welcome, everybody. I want to start by thanking our distinguished witnesses: Secretary Hagel, General Dempsey, and Secretary Hale. Each of you has served our country—both in the military and in government. And we thank you for your service. The first duty of government is to keep us safe. And to keep us safe, our strategy should drive our budget. But under this administration, the budget is driving the strategy. Last year, Secretary Panetta made a budget request he said was the minimum necessar... Read more

  • House Budget Committee Hearing: State of the Highway Trust Fund: Long-Term Solutions for Solvency
    Posted in Speeches and Statements on April 24, 2013 | Preview rr
    Tags: Transportation

    "Welcome, everybody. I want to thank our witnesses for agreeing to testify. We appreciate your taking the time to share your expertise. "Infrastructure is an important part of our economy. Government plays a role in our public infrastructure—our highways, our roads, our bridges. But the federal government is neglecting this responsibility. It’s spending record levels of taxpayer dollars. And it’s not spending them wisely. In fact, it recently abandoned a key principle: that we limit highway spe... Read more

  • Ryan Opening Statement: House Budget Committee Hearing with Treasury Secretary Lew
    Posted in Speeches and Statements on April 16, 2013 | Preview rr
    Tags: Economy / Financial

    "Welcome, everybody. To start, I want to thank Secretary Lew. Mr. Secretary, I want you to know that despite our disagreements, we appreciate your taking the time to join us today. "Well, yesterday was Tax Day. And tax season was a lot more stressful than it should have been. Our tax code is a Rubik’s Cube that Americans spend 6 billion hours each year trying to crack. Today, the code is about 4 million words long—enough to fill 70,000 pages. In fact, it’s so long that roughly 90 percent of Ame... Read more

  • House Budget Committee Hearing on the President’s FY2014 Budget
    Posted in Speeches and Statements on April 11, 2013 | Preview rr

    Welcome, everybody. Well, this budget may be two months late, but I want to thank Mr. Zients for coming to testify. That said, I’m disappointed by the President’s proposal—because it’s a status quo budget. It doesn’t break any new ground; it just goes over old ground. It raises taxes by $1.1 trillion. It increases spending by nearly $1 trillion. And it adds $8.2 trillion to our debt. In short, it takes more from families to spend more in Washington. The President says his policies would cut the ... Read more

  • House Budget Committee Hearing: The Congressional Budget Office’s Budget and Economic Outlook
    Posted in Speeches and Statements on February 13, 2013 | Preview rr
    Tags: Economy / Financial

    Welcome, everyone, to today’s hearing. Thanks to Dr. Elmendorf for coming to testify. And thanks to your staff for putting together the latest Budget and Economic Outlook. I’m sorry to say: Things don’t look good. The CBO says our economy will grow by only 1.4 percent this year. Unemployment will hover around 8 percent. And we will add another trillion dollars to our debt. Farther down the road, things get worse. The CBO says we will add $10 trillion to our total debt by the end of the budget wi... Read more

  • The Principle of Prudence and the Conservative Renewal
    Posted in Speeches and Statements on January 26, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Thanks, Rich. I’m happy to see so many friends in the audience. And I’m honored to speak to such distinguished guests. I’d say this is, perhaps, the greatest collection of conservative talent ever gathered in one room—with the possible exception of when William F. Buckley dined alone. I started reading Buckley in college, when one of my economics professors gave me a copy of National Review. And I’ve been reading it ever since. The masthead has changed over the years. When I came to Washington, ... Read more

  • A Renewed Commitment to Opportunity for All
    Posted in Speeches and Statements on December 4, 2012 | Preview rr
    Tags: Economy / Financial

    Thank you, Bob, for that kind introduction. And congratulations to Senator Rubio on receiving this well deserved honor. You’re joining an elite group of past recipients – so far, it’s just me and you. I’ll see you at the reunion dinner – table for two. Know any good diners in Iowa or New Hampshire? I’m sure the press won’t read too much into that. Anyway, thank you all for your kind hospitality – and thank you, Jimmy, for hosting this event. It’s a special honor to address the Kemp Foundation. A... Read more

  • House Budget Committee Mark Up: The Sequestration Transparency Act of 2012
    Posted in Speeches and Statements on June 27, 2012 | Preview rr
    Tags: Economy / Financial

    Welcome all to the House Budget Committee. We meet today to mark up the Sequestration Transparency Act of 2012, a bill to require the Office of Management and Budget to provide information on how it will implement across-the-board cuts that are scheduled to take effect on January 2, 2013. Under the Budget Control Act, the Office of Management and Budget will make arbitrary across-the-board spending cuts, resulting in a 10 percent cut to defense spending and an 8 percent cut to non-defense discre... Read more

  • House Budget Committee Hearing: The Congressional Budget Office’s Long-Term Budget Outlook
    Posted in Speeches and Statements on June 6, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Welcome all to the House Budget Committee. The purpose of this hearing is to review the Long-Term Budget Outlook, and unpack the fiscal and economic challenges facing our nation. We are joined today by Doug Elmendorf, Director of the Congressional Budget Office. I want to thank you for testifying today, Doug – and the work of your team in putting together this report. The report is sobering and the warnings are dire. You write, quote: “Growing debt would increase the probability of a sudden fisc... Read more