On the recordApril 8, 2014
I thank the ranking member for his extraordinary leadership and for developing a budget proposal that actually reflects our Nation's values and priorities. Mr. Chairman, this Republican budget, offered by my colleague from Wisconsin, is another attempt to impose a failed economic theory on the American people. This budget would damage economic growth in the short term and it disinvests in our future in the long term. It is absolutely the wrong course. Millions of Americans continue to struggle to find work. Congress should be investing in priorities that will create jobs, priorities like education, rebuilding our crumbling infrastructure, and investing in advanced manufacturing and innovation that will help set the platform for a 21st century economy. The Ryan Republican budget does exactly the opposite. According to the nonpartisan Congressional Budget Office, compared to current law, the Ryan Republican budget would stifle our economic growth, reducing gross national product per capita by about 0.5 percent in each of the next 3 years. Let that sink in. If you are searching for work or struggling to get by in this difficult economy, the message from this budget is clear: it is about to get a whole lot worse. What could possibly be their rationale? To my colleagues who say we need to make this sacrifice in the short term so we can experience long-term economic gains, they have it backwards. We need to invest in the short term to have long-term economic prosperity.…





