Political Quotes

“Mr. President, at its heart a budget is a statement of values. Last week I joined with my colleagues on the Budget Committee to pass a budget resolution firmly rooted in our values. With appreciation to the chairmanship of Chairman Patty Murray, the budget we passed reduces our deficit and stabilizes our debt in a balanced, responsible way, relying on an equal mix of spending cuts and cuts to spending through the Tax Code, which is a balance of cuts and increased revenue through tax reform. This first chart briefly shows we have made significant progress toward the Simpson-Bowles goal of $4 trillion in reduced Federal spending over the next 10 years. Our budget relies on these two next pieces, reducing loopholes, tax expenditures, and spending cuts. This is the balance I believe the American people called for in the last election. Our budget promotes economic growth and job creation in the short term, makes critical investments in our competitiveness for the long term. It does all of this while putting a circle of protection around the most vulnerable in our society: children, low-income seniors, and the disabled. Unfortunately, in my view the budget resolution passed by the House Budget Committee, led by Chairman Ryan, does not reflect these same values or this same balance. It is wildly unbalanced, relying only on spending cuts in order to achieve claims of enormous savings.…”