I appreciate the goal to cut spending and reduce the deficit, which is projected to hit $1.6 trillion this year; and I am very pleased with the approach laid out by President Obama. In his budget proposal for FY 2012 and beyond, President Obama is making the case for selectively cutting spending while increasing resources in areas like education and clean-energy initiatives that hold the potential for long-term payoffs in economic growth. This commonsense approach will help bring down annual deficits to more substantial levels, but not at the peril of programs that are vital to economic growth, job creation and the well-being of our fellow Americans. Madam Chairman, this spending bill, H.R. 1, which proposes to cut programs and funding under section 1729 and 1730 does not help our economically struggling fellow Americans through initiatives involving education, the environment and housing and employment. It will cut critical programs and projects that are essential to economic development and job creation, not only in the 50 States, but also in the insular areas.
Editor's note · Context
The speaker addresses concerns about proposed budget cuts in H.R. 1 and their impact on economic growth and essential programs.
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