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  • 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

  • House Budget Committee Hearing: Removing the Barriers to Free Enterprise and Economic Growth
    Posted in Speeches and Statements on June 1, 2012 | Preview rr

    Chairman Paul Ryan – Opening Remarks, As Prepared for Delivery Welcome all to the House Budget Committee for this hearing on one of the key threats posed to our free enterprise system: the growing cronyism in Washington and government-imposed barriers to upward mobility. While we’re dealing with tough economic times, Americans still live in the most prosperous and dynamic country in the world. Our free enterprise system has lifted millions from the grips of poverty – a record of success that is ... Read more

  • House Budget Committee Hearing: The Broken Budget Process: Legislative Proposals
    Posted in Speeches and Statements on May 31, 2012 | Preview rr
    Tags: Economy / Financial , Budget Process Reform

    Welcome all to the House Budget Committee. The purpose of today’s hearing is to examine the need to restore responsibility and accountability to how Washington spends taxpayers’ hard-earned dollars. The breakdown of responsible budgeting is clear: out-of-control government spending; four consecutive trillion-dollar deficits; and a crushing burden of debt in the years ahead. Both political parties share in the blame for our fiscal mess. I believe it will require both political parties to work tog... Read more

  • House Budget Committee Mark-Up: Reconciliation and Replacing the Sequester
    Posted in Speeches and Statements on May 7, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial , Budget Process Reform, Reconciliation

    Welcome to today’s mark-up. Today, this Committee meets to advance sensible spending restraints and to reprioritize savings called for under the Budget Control Act. Last year, as we were coming up on the debt ceiling, the Obama administration asked Congress to rubber-stamp a blank-check increase in the federal government’s borrowing authority. Then the President insisted that he would not accept a debt-ceiling deal that did not include large tax increases on American families and businesses. All... Read more

  • House Budget Committee Hearing: Replacing the Sequester
    Posted in Speeches and Statements on April 25, 2012 | Preview rr
    Tags: Economy / Financial

    I want to thank our witnesses for appearing today to address the looming sequester that has been hanging over the nation’s fiscal debate since the enactment of the Budget Control Act in August of last year. The 2013 sequester is a $109 billion across-the-board, inflexible, and arbitrary cut in spending that will occur under current law on January 2, 2013. The 10% across-the-board cut in defense spending from the sequester would quote, “hollow out” our national defense. Those aren’t my words. Tha... Read more

  • House Budget Committee Hearing: Strengthening the Safety Net
    Posted in Speeches and Statements on April 17, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    Before we start, I just want to note that today, millions of workers and businesses will file their taxes. I view the core mission of this committee as ensuring that every dollar the government takes from a hardworking citizen is spent as efficiently and effectively as possible, and only on programs where the federal government has a critical role to play. To that end, the focus of today’s hearing is on reforming the federal government’s role in public-assistance programs, so that taxpayer dolla... Read more