On the recordApril 9, 2014
In this House, we take the constitutional power of the purse very seriously. We also take the future of young Americans very seriously, and we take the notion of leaving something better for the next generation very seriously. Again, this year, the majority has proposed a budget that responsibly balances our budget within 10 years. It secures our social safety net for the most needy and for seniors. It repeals the uncertainty forced on Ohioans and all Americans by ObamaCare. The budget begins to unburden future generations from the tyranny of the debt being left to them by today's decisionmakers. The CBO estimates it will pay $223 billion in interest payments this year--$223 billion in interest. That is enough to build 100 new Brent Spence bridges, which is an aging bridge that spans the Ohio River in Cincinnati, a critical artery for our Nation's highways reaching from Michigan to Florida. Going back to those payments, left unchecked, they will balloon to $880 billion within 10 years. That is about how much we are spending on Social Security every year right now. American prosperity cannot afford to throw our money away to interest payments. Vice President Joe Biden is fond of saying, ``Don't tell me what you value; show me your budget, and I will tell you what you value.'' It is a revealing quote, Mr. Chair, especially since Senate Democrats yet again refuse to even consider a budget.…





