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Currently showing results related to Budget
The Past is Prologue: Biden’s Woke and Bloated Bureaucracy
In November, President Biden emphatically said he would change “nothing” in his agenda. His budget this week will prove that point. More government. Less freedom. Slow economic growth. Funding the Woke Agenda at Taxpayer Expense The responsibility to spend the taxpayers’ money is the key to everything the government does. The Constitution makes clear that the government is supposed to only spend funds on things that benefit all Americans in carrying out the enumerated powers. … Continue Reading
February 15, 2023
Arrington on CBO Baseline: "Houston, We Have a Problem"
WASHINGTON - Today, the Congressional Budget Office (CBO) released their latest Budget and Economic Outlook report, commonly referred to as the baseline. Today’s baseline report – which includes projections of federal spending, revenue, surpluses or deficits, and debt – shows that out-of-control spending by President Biden and Democrats during two years of one-party rule has exploded the national debt to unprecedented and truly unsustainable levels. House Budget Committee … Continue Reading
February 13, 2023
THE CBO BASELINE AND ECONOMIC OUTLOOK
WHAT IS THE CBO BASELINE? The Congressional Budget and Impoundment Control Act of 1974 (Budget Act) requires the Congressional Budget Office (CBO) to provide the House and Senate Budget committees with a Budget and Economic Outlook. This annual report, which helps Congress understand the fiscal and economic challenges facing the country, is also known as the CBO baseline. CBO updates the baseline every year. The CBO will release the updated baseline on Wednesday, February 15th. PURPOSE … Continue Reading
February 09, 2023
Chairman Arrington Lays Groundwork for Budget Committee Priorities
WASHINGTON - Today, Chairman Jodey Arrington (TX) and Members of the House Budget Committee held their first official meeting to consider the Rules of the Committee and the Oversight Plan for the 118th Congress. During his opening remarks, Chairman Arrington emphasized the importance of this committee's role as Americans face runaway deficit spending and an unsustainable debt trajectory. Click here to watch Arrington's full remarks Chairman Arrington's opening remarks as … Continue Reading
February 08, 2023
The Debt Limit and Fiscal Restraint
House Republicans will pay our debts and protect the good faith and credit of the United States, but we will not give President Biden an unlimited line of credit. After two years and $10 trillion of unbridled spending by Democrats, which led to record inflation, soaring interest rates, and an economic recession, it would be irresponsible to raise the debt limit without common sense spending controls. Why? Our federal debt is now over $31 trillion, levels we have not seen since World War II … Continue Reading
February 07, 2023
Arrington: Biden Describes Alternate Reality in State of the Union
WASHINGTON - House Budget Committee Chairman Jodey Arrington (R-TX), issued the following statement in response to President Biden’s State of the Union Address: "After listening to President Biden tonight, I have a few simple questions for American taxpayers and hard-working families: Have your lives gotten better or worse under the leadership of President Biden? Is our nation stronger or weaker? Is our children’s future brighter or more bleak? "We certainly have more government, more … Continue Reading
February 07, 2023
Arrington: President Biden Must Focus on Nation’s Debt Crisis in SOTU
WASHINGTON - House Budget Committee Chairman Jodey Arrington (R-TX), issued the following statement ahead of President Biden’s State of the Union Address: “At tonight’s State of the Union, President Biden will tout a façade of short-term economic upsurge, but the American people are experiencing a very different reality: the state of our economy is anemic. “States like Illinois and Nevada continue to be plagued by record unemployment rates; New York City has transformed into a war zone; … Continue Reading
February 07, 2023
Chairman Arrington Announces Budget Committee Roster
WASHINGTON - Today, Budget Chairman Jodey Arrington (TX-19) announced the Republican committee roster for the 118th Congress. “I’m proud to serve alongside such a talented group of public servants whose unwavering commitment is to rein-in spending, reduce the national debt, and restore fiscal accountability to Congress. “My colleagues come from different backgrounds and have a variety of experiences, but all hold fast to a common mission - to steward taxpayer resources in a way that … Continue Reading
January 13, 2023
Chairman Arrington: We Will Not Let Politicians Bankrupt Our Country and Destroy Our Children's Future
Today, House Budget Committee Chairman Jodey Arrington (TX-19) released the following statement in response to Treasury Secretary Janet Yellen's letter to Congress on the debt limit: “We will pay our creditors and protect the good faith and credit of the U.S., but we will not let politicians bankrupt our country and destroy our children’s future. No new credit cards until Democrats agree to spending constraints and other fiscal … Continue Reading
August 08, 2022
Smith Statement on Senate Passage of Democrats’ Inflation Act
House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement after Senate Democrats voted to spend hundreds of billions to increase inflation, increase taxes on the middle-class, and push the implementation of the Green New Deal on the backs of working families: “The Inflation Act will only make the current economic and inflation crisis under President Biden and one-party rule in Washington worse. It spends hundreds of billions of dollars on the Green New Deal … Continue Reading
