On the recordApril 8, 2014
Overall, the Republican budget reduces our long-term investments in education, research, infrastructure, and job training by over 15 percent over the next decade compared to the deal the Republican chairman negotiated just 4 months ago. I will tell you, Mr. Chairman and Mr. Ranking Member, our competitors around the world are not retreating in terms of investments. Perhaps the most egregious mark against this budget, though, is that it does not achieve the fiscal balance its authors give as the reason for these cuts in the first place. Instead, it relies on ``dynamic scoring.'' That is, pretend something will happen. Now, if it happens, we would have a bonus and we could use that bonus. But if it doesn't happen, this budget will guarantee that we will be further in the hole. It has an asterisk for $966 billion. It doesn't say what that $966 billion is about, at least two-thirds of it. But you guess, pretend, hope. If it doesn't happen, you are in the hole. The Acting CHAIR. The time of the gentleman has again expired.
