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  • Paul Ryan Previews The Path to Prosperity
    Posted in Speeches and Statements on March 15, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Watch House Budget Committee Chairman Paul Ryan of Wisconsin preview next week’s release of a budget for the federal government. Click to watch “What if your President, your Senator and your Congressman knew a crisis was coming? What if they knew why it was happening? What if they knew what they needed to do to stop it from happening? What if they had the time to stop it? And what if they chose to do nothing about it…because they thought it wasn’t good politics? “What would you think of that per... Read more

  • House Budget Committee Hearing: The Department of Defense and the FY13 Budget
    Posted in Speeches and Statements on February 29, 2012 | Preview rr
    Tags: Economy / Financial , Defense

    Welcome all to today’s hearing to examine the President’s budget request for the Department of Defense, and to explore how the federal government can meet its highest priority: providing for the common defense and strengthening our national security. I want to begin by welcoming Leon Panetta back to the committee. In addition to his demonstrated experience in national security, Secretary Panetta has an extraordinary background in federal budgeting, including service as Chairman of this committee... Read more

  • House Budget Committee Hearing: Strengthening Health and Retirement Security
    Posted in Speeches and Statements on February 28, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    Welcome to today’s important hearing examining the structural challenges facing the federal government’s major health and retirement security programs. We welcome back to the Committee the two foremost experts on the financial crunch facing Medicare and Social Security: the chief actuaries of each program. We welcome Rick Foster, the chief actuary at the Centers for Medicare and Medicaid Services. Rick’s nonpartisan analysis is second-to-none in illuminating the challenges in health care and the... Read more

  • House Budget Committee Hearing: The President’s Fiscal Year 2013 Revenue and Economic Policy Proposals
    Posted in Speeches and Statements on February 16, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Welcome all, to this important hearing. I’d like to thank Secretary Geithner for joining us. This is your second hearing today and your fourth this week. We know that defending this budget is no easy task, so we appreciate your time. Mr. Secretary, it’s pretty well known that one of your favorite sayings is “plan beats no plan.” It’s a phrase you used often during the financial crisis to describe the need for policymakers to plan for every contingency in order to stay ahead of events. I remember... Read more

  • House Budget Committee Hearing on the President’s FY2013 Budget
    Posted in Speeches and Statements on February 15, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Welcome all, to this important hearing. I’d like to thank our witness today, Mr. Zients, for coming to us under difficult circumstances. With the departure of Mr. Lew from OMB just last month, we understand that you are testifying on short notice, and we recognize the difficulty of that. And unfortunately, your job is even more difficult than usual – you are in the position of having to defend a budget that essentially dodges the most difficult challenges our country faces. The New York Times ha... Read more

  • House Budget Committee Hearing: The State of the U.S. Economy
    Posted in Speeches and Statements on February 2, 2012 | Preview rr
    Tags: Economy / Financial

    Thank you, Chairman Bernanke, for coming before our Committee today to talk about the state of the economy. Nothing is more critical to today’s economy than restoring real job and business growth. Yet for almost three years, the U.S. economy has remained mired in a slow-growth, high-unemployment trap. The President and his party’s leaders say things are getting better. Yet we continue to hear from families and businesses in our districts who tell us that this kind of talk is completely disconne... Read more

  • House Budget Committee Hearing: CBO’s Budget and Economic Outlook
    Posted in Speeches and Statements on February 1, 2012 | Preview rr
    Tags: Economy / Financial

    Welcome all to this important hearing on the difficult fiscal and economic challenges before us. I welcome Congressional Budget Office Director Doug Elmendorf to the Budget Committee. I thank you Doug and your entire CBO staff for their hard work on the release of the annual Budget and Economic Outlook. There is no question about it: The outlook is grim. According to CBO’s outlook, 2012 will mark the fourth straight year of trillion-dollar deficits. Trillions more dollars will be added to the de... Read more

  • 1,000 Days of Empty Rhetoric and Broken Promises
    Posted in Speeches and Statements on January 24, 2012 | Preview rr
    Tags: Economy / Financial

    We welcome the President to the House chamber tonight, where he will address the American people to assess the State of the Union. This presents another opportunity for the President to chart a new course. I hope the President takes this opportunity to stop offering empty rhetoric and broken promises, to stop pushing policies that have proven to make matters worse, and to stop dividing Americans for political gain. I hope the President takes this opportunity to start working with us to get Amer... Read more

  • Mark-Up for Budget Process Reform Legislation
    Posted in Speeches and Statements on January 24, 2012 | Preview rr
    Tags: Economy / Financial , Budget Process Reform

    The purpose of today’s meeting is to mark up legislation aimed at reforming the federal budget process. There is no question that the budget process is broken. Washington stumbles from budget crisis to budget crisis, with little to no oversight of how government spends hardworking taxpayers’ money. Today, it is worth noting that our friends in the U.S. Senate have gone 1,000 days without a budget. And, we learned yesterday that the President is going to ignore the law and submit his budget reque... Read more