I want to first thank Chairman Price and his staff for their hard work on this budget. With all the difficulties and complexities in drafting a budget, including inheriting an $18 trillion debt, Chairman Price and the committee have managed to find savings of $5.5 trillion and to balance the budget in 10 years, all without any new taxes. This has not been an easy task, but this budget resolution stands in stark contrast to what the President sent us. The President's irresponsible proposal makes no attempt to balance the budget, leaving future generations with even more debt. Indeed, his plan proposes returning to trillion-dollar deficits, leaving a legacy of staggering debt and further eroding our standing in the world. For decades, Americans have been told that spending for things you can't pay for is good fiscal policy and that debts and deficits don't matter. President Obama believes that maxing out the Federal credit card to pay for government programs and using more of the taxpayers' hard-earned dollars to pay interest on the debt is actually good for our economy. Well, the ruse is over. Families aren't buying it. The ``charge now and pay later'' mentality is no longer affordable. Parents know debt and interest payments add up. They understand that out-of-control debt cripples their ability to respond to an emergency, for example, when the basement floods or the furnace goes out. Mr.…
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