“Today, House Republicans introduced a responsible plan to balance the budget in 10 years. It addresses the drivers of our national debt and ends the constant crisis-to-crisis governing approach in Washington that spreads uncertainty in the market, keeping job creators from hiring new employees and growing the economy. Our budget doesn’t call for more taxes from the American people but instead overhauls our tax code to make it simpler and fairer. Our budget encourages economic mobility and saves and strengthens Medicare for future generations. It’s a balanced plan that fosters growth to create new jobs and opportunities for Americans by getting spending under control and getting government out of the way.
“In contrast, Democrats in Washington can hardly utter the words ‘we have a spending problem,’ even as the president’s previous budgets want to take us to over $26 trillion in debt. The exploding debt will put an incredible amount of downward pressure on the economy: it will have an impact on interest rates over the long run, will hurt American families and their ability to get loans, pay off debt, and will freeze growth, making families do more with less. And while the other side of the aisle talks about needing a balanced plan, the plan being drafted by Senate Democrats calls for $1 trillion in new taxes and will never achieve balance. It’s time we get serious about balancing our budget and stop spending money we don’t have. We owe it to the American people to balance our budget and get our economy back on track.”