I thank the gentleman from Texas very much. Mr. Chair, I had some prepared remarks, but the opposition just brought up rhetoric and unicorns in the same sentence, and so I feel obliged to respond with a couple of preliminary remarks. I will just make four. The rhetoric is easy to come by in this city, but the facts are very clear. I have never seen a Democrat budget that has been smaller than a Republican budget. Every year they turn in a budget that is significantly bigger than ours. That is just fact number one. Fact number two, our budget balances in 10 years. I have never seen, in my history here, a Democrat budget that balances in any time horizon--and we are talking about the debt. Point number three, we are talking about the President and his commitment to fiscal sanity. I have never heard the current President mention our unfunded liability problem, which is in the $100 trillion range. That is the most serious number and economic challenge our country faces. I have never heard our President bring that up as a problem to solve. And finally, when it comes to fiscal restraint on the other side, the winner of the New Hampshire primary on the opposition side is calling for 90 percent tax rates and free everything. So, when it comes to rhetoric, those are just four simple facts I offer to the other side when it comes to fiscal responsibility. I want to move forward and commend Representative Marchant for putting this bill forward.…
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I think it is important to go back to the long run to show that this kind of procedure--at the macro level these kinds of policies will fail.
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