Chairman Arrington Makes the Case for One Big Balanced Bill on Fox News Sunday
WASHINGTON, D.C. – House Budget Committee Chairman Jodey Arrington (R-Texas) appeared on Fox News Sunday with Shannon Bream to discuss the importance of adhering to the blueprint established in the House-passed budget resolution, which locks in tax cuts for hardworking families and small businesses in a balanced and fiscally responsible way.
Watch Chairman Arrington’s full interview with Shannon Bream HERE.
Find highlights of key moments below.
Chairman Arrington the Need for a Balanced Reconciliation Framework:
“We can’t get to the President’s rocket ship economy, we cannot usher in the Golden Age; in fact, we risk a sovereign debt crisis if we don’t deal with the unsustainable deficits and national debt. So, this is a pivotal moment for our country. It’s a generational opportunity to get our fiscal house in order, and in fact, the President has called for us to put our country on a path to balance. That is part of the full America First agenda, and it’s reflected in the House budget resolution.”
Chairman Arrington on Next Steps in the Reconciliation Process:
“I’m convinced that if we take the cost of tax cuts and defense and border spending and we achieve and exceed our budget targets for offsetting those through revenue to the Treasury as a result of the pro-growth policies in the budget reconciliation bill and the deficit spending reduction through entitlement reform – mainly that's health care, welfare and other programs – if we do that, Shannon, we will bend the curve on debt-to-GDP and deficit-to-GDP.
“The Secretary of the Treasury says we have to stabilize the debt and give confidence to the bond markets, and we have to go from seven percent deficit-to-GDP to three and a half percent. So, if we follow the framework that we laid out in the budget resolution, then we will restore fiscal health. It won’t get us out of the debt hole overnight, but it is a good first step and a down payment for our kids to actually be on good fiscal footing, a sustainable path, and enjoy the same opportunities and freedoms that we have. So, the House is going to drive it. If we achieve that framework and those budget targets, we will improve the fiscal health of our country indeed.”
Chairman Arrington on Democrats’ Fearmongering:
“There is a tremendous amount of waste and fraud. In fact, the Government Accountability Office says upwards of $500 billion over the 10 year budget window just in Medicaid. You’ve got hundreds of billions siphoned out for other purposes than serving the Medicaid beneficiary. There is no work requirement for able-bodied adults like there is in every other means-tested welfare program…We actually hurt access to the pregnant, blind, disabled, the most vulnerable, the poorest and sickest among our fellow Americans as a result of the structure of the program. We can save over $1.5 trillion without touching a dime of the benefit funding. So, the question is, will we be susceptible to the fearmongering and the false rhetoric that you just heard from the Democrat Minority Leader in the House? This is the same tired play they run.”
