John Delaney: “I want to thank my friend and colleague from New York for yielding me this time. And I also want to thank my friend and…”

“I want to thank my friend and colleague from New York for yielding me this time. And I also want to thank my friend and colleague from Texas for his leadership on the committee. Too often, Mr. Chairman, we talk about our budget in absolute terms, and we don't talk to the American people about what budgets really are, which are choices. As we go through each line item of revenues and each line item of spending, we tend to characterize these things in very dramatic terms, as if any change, up or down, on any line of revenue or any line of spending, would have catastrophic implications. We don't have an honest dialogue with the American people about what budgets really are, which are choices and statements of priorities, which is why, in my opinion, this Congress, and the administration, have failed to recognize the two dominant themes facing our country and our world right now. {time} 2030 The first is the fundamental need to change the fiscal trajectory of this country across the long term, and the second is the need to invest in our future and our children to prepare them for a world that is fundamentally changed because of globalization and technology. We cannot do these two things--we cannot change the fiscal trajectory of this country and we cannot make investments in our future and our children--unless we do two things: first, reform the entitlement programs in this country; and, second, take actions to raise revenues.…”