On the recordMarch 28, 2012
Mr. Chairman, over the past several months, in hearing after hearing in the Budget Committee, we have heard one recurring theme from our expert witnesses. Chairman Bernanke said it, Director Elmendorf said it, Acting Director Zients said it, and Secretary Geithner reaffirmed that the draconian, reckless cuts proposed by the Republican majority, and made evident in their budget proposal that we are considering on the House floor today, will create an enormous headwind for our economy. Yet, here we are again. Yes, here we are considering the same Republican budget plan as last year, hearing the same arguments from Chairman Ryan and the Republican leadership. As I said last week in committee, I feel like it's ``Groundhog Day'' all over again, but Bill Murray is nowhere in sight, and this is no comedy. In all seriousness, the harmful spending cuts incorporated into this budget proposal go further than simply damaging a fragile recovery. These cuts pull the rug out from under our most vulnerable: our seniors, our children, and those with serious illness. Democrats reject the idea that the way to deal with rising health care costs is to give seniors a voucher to purchase private insurance and then tell them to figure out how to keep their own costs down. Democrats believe that we cannot solve our budget challenges simply by shifting health costs and risks onto people who are least able to bear them: seniors, disabled individuals, and poor families.…





