On the recordMarch 19, 2013
I want to thank the gentlelady for yielding. Over the past 3 years, nearly 6 million new jobs have been added to the American economy, and the unemployment rate has fallen to 7.7 percent. Although this is real progress from where we were during the financial crisis inherited by President Obama, we can do far more to boost economic growth and continue to create jobs. The American people deserve a budget that supports economic growth, responsibly reduces long-term deficits, and ensures equal opportunity for all. Chairman Ryan's recent budget does not satisfy any of these goals. Instead, it will slow economic growth, increase the unemployment rate, cut critical investments in our Nation's future, and harm our seniors, all while protecting the interests of the wealthiest Americans. The Ryan budget would lower the top tax rate for the rich while hitting middle-class families with thousands of dollars in additional taxes every year. Nearly 30 million middle-income Americans would lose their health insurance because of the repeal of the Affordable Care Act, and tens of millions of the poorest would lose coverage because of Ryan's plan to gut Medicaid. We can do better. It would destroy the commitments we've made to our Nation's seniors by turning Medicare into a voucher program. It would shift the rising costs of health care onto those very Americans who have already suffered deep financial shocks in the recent fiscal crisis.…





