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  • Department of the Treasury Fiscal Year 2012 Budget
    Posted in Speeches and Statements on February 16, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Thank you, Secretary Geithner, for coming before our Committee today to discuss the President’s budget. The President has disappointed us by presenting us with another budget that spends too much, borrows too much and taxes too much. It is a budget that will stifle job growth today and leave a diminished future for the next generation. Last year, the long-term fiscal trajectory in the President’s budget was so bad that it came with a warning label, like a cigarette pack: Warning: Must appoint fi... Read more

  • House Budget Committee Hearing: The President's Fiscal Year 2012 Budget
    Posted in Speeches and Statements on February 15, 2011 | Preview rr
    Tags: Economy / Financial

    Director Lew, welcome back. The President is fortunate that you agreed to a return assignment to OMB under a darkening fiscal outlook. We are aware of the challenges you faced in putting this budget together, and we thank you for your hard work. The Budget of the United States is about much more than arithmetic. It is a statement of national priorities – and a gauge of our nation’s health. Because we face a crippling burden of debt, this year’s budget in particular presented the President with ... Read more

  • House Budget Committee Hearing: CBO’s Budget & Economic Outlook
    Posted in Speeches and Statements on February 10, 2011 | Preview rr
    Tags: Economy / Financial

    Thank you, Dr. Elmendorf, for coming before our Committee today to talk about the CBO’s Budget and Economic Outlook. Your testimony and this latest report remind us that, between June of 2009, when the recession technically ended, and last December, payroll employment rose by a mere 6 one hundredths of one percent (0.06 percent). Compare that to the same period of time following past recessions. During those recoveries, employment rose by an average of 4.4 percent. Unemployment is too high becau... Read more

  • House Budget Committee Hearing: The State of the U.S. Economy
    Posted in Speeches and Statements on February 9, 2011 | Preview rr
    Tags: Economy / Financial

    Before we begin, I want to welcome Rep. Bob Woodall from Georgia to the House Budget Committee. He will be officially on board this afternoon after the adoption of the House resolution. I ask unanimous consent that Rep. Woodall be permitted to participate in this morning's important hearing. Without objection. Thank you, Chairman Bernanke, for coming before our Committee today to talk about the state of the economy. The U.S. economy continues to suffer from slow growth and unemployment remains ... Read more

  • Opening Statement on the Fiscal Consequences of the Health Care Law
    Posted in Speeches and Statements on January 26, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    Welcome all, to the first House Budget Committee hearing of the 112th Congress. Before we get started, I want to thank Ranking Minority Member Chris Van Hollen for his cooperation in getting the Committee rules adopted and with this hearing. Also, for starting a little early, so we can get a head start on the day. Why is this the Budget Committee’s first hearing and why is it focused on health care? Let’s put it very simply: Our fiscal problem is a health care problem. Health care spending is d... Read more

  • House Budget Committee Chairman Paul Ryan Delivers Republican Address to the Nation
    Posted in Speeches and Statements on January 25, 2011 | Preview rr

    WASHINGTON – In the Republican Address to the Nation this evening, House Budget Committee Chairman Paul Ryan of Wisconsin underscored the urgent need to stop the out-of-control spending binge that is both making it harder to create jobs today and jeopardizing the financial security of future generations. In his address, Chairman Ryan called for a return to the principles of “limited government and free enterprise” that “have helped make America the greatest nation on earth.” Video and text of Ch... Read more

  • Remarks of Congressman Paul Ryan (R-WI) – As Prepared for Delivery
    Posted in Speeches and Statements on January 25, 2011 | Preview rr

    Good evening. I’m Congressman Paul Ryan from Janesville, Wisconsin – and Chairman here at the House Budget Committee. President Obama just addressed a Congressional chamber filled with many new faces. One face we did not see tonight was that of our friend and colleague, Congresswoman Gabrielle Giffords of Arizona. We all miss Gabby and her cheerful spirit; and we are praying for her return to the House Chamber. Earlier this month, President Obama spoke movingly at a memorial event for the six pe... Read more

  • Excerpts from Chairman Paul Ryan’s Republican Address to the Nation
    Posted in Speeches and Statements on January 25, 2011 | Preview rr

    WASHINGTON – Tonight, House Budget Committee Chairman Paul Ryan (R-WI) will deliver the Republican Address following the President’s State of the Union message. Chairman Ryan will address the nation from the House Budget Committee hearing room, where the Democrats’ spending spree will end and the Republicans’ push for a fiscally responsible budget that cuts spending will begin. Following are excerpts from Chairman Ryan’s address: REP. GABRIELLE GIFFORDS: “President Obama just addressed a Congres... Read more

  • First look - Paul Ryan's Republican Address to the Nation
    Posted in Speeches and Statements on January 25, 2011 | Preview rr

    “Americans are skeptical of both political parties, and that skepticism is justified – especially when it comes to spending. So hold all of us accountable. In this very room, the House will produce, debate, and advance a budget. Last year – in an unprecedented failure – Congress chose not to pass, or even propose a budget. The spending spree continued unchecked. We owe you a better choice and a different vision. Our forthcoming budget is our obligation to you – to show you how we intend to do t... Read more

  • The Urgent Need to Cut and Control Spending
    Posted in Speeches and Statements on January 6, 2011 | Preview rr

    After Washington has shoveled trillions of dollars we don’t have out the door, it is ridiculous to think we can’t cut $100 billion in government spending. We plan on bringing spending cuts to the floor every week. Today, the House voted to cut its own budget by 5%. Next week, we’ll vote to cut trillions by repealing the costly health care law. We need to attack Washington’s pervasive culture of spending. Read more