Jeb Hensarling: “I mean, it is incredible to be lectured here on the whole question of entitlement spending, and the Democrat budget…”

“I mean, it is incredible to be lectured here on the whole question of entitlement spending, and the Democrat budget alternative is stone cold silent on the issue, the number one fiscal issue that is challenging our Nation. And don't take my word for it, Mr. Chairman. Look at the testimony of the Congressional Budget Office. Look at the testimony of the General Accountability Office. Look at the testimony of our Federal Reserve Chairman, the Secretary of the Treasury, the Director of OMB. Anybody who has any responsibility for fiscal policy in America will tell you that we are on the verge, we are on the verge, and to paraphrase the Comptroller General, we are on the verge of being the first generation in America's history to leave the next generation with a lower standard of living. So when we get lectured about entitlement spending, why is the Democrat alternative silent on it? Why have all the Democrats refused to join us in doing anything to save Social Security, save Medicare, save Medicaid for the next generation? Let's look here. They speak about what has happened in the Federal debt, and they should be concerned about it. But when it increases $3 trillion, look at what has happened to the unfunded liability in Social Security and Medicare when they refuse to do anything, anything to reform entitlement spending.”