On the recordMarch 19, 2013
Mr. Speaker, this is decision time in America. We are at a fork in the road, and we have an opportunity to go in either one of two directions. In one direction, the Democratic approach, we can take a balanced approach to dealing with the economic situation that we find ourselves in and our deficit. The other direction, the GOP approach, is to balance the budget on the backs of the most vulnerable amongst us. The Democratic plan will put Americans back to work. The Republican plan will put Americans out of work. It's decision time in America. We can go in one of two different directions. Now, a balanced approach to deficit reduction has at least four elements to it: First, invest in the American economy. Second, increase revenues by closing corporate loopholes that are unfair, unreasonable, and unnecessary. Third, we can reduce expenditures in a manner that is sensitive to the fragile nature of our economic recovery. We must reduce expenditures in a way that recognizes we still have a long way to go in order to recover, and the meat-cleaver approach advocated by my friends on the other side of the aisle will not make the decision better; it will just make the situation worse. {time} 1040 Lastly, the Democratic approach, the balanced approach, stands up for important social safety net programs like Social Security, Medicare, and Medicaid that have nothing to do with the economic situation that we find ourselves in right now. Why should we invest in the American economy?…





