Pro-Growth Budgeting Act of 2013

Floor Speech

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Mr. WILSON of South Carolina. I thank the gentleman for yielding.

As an original cosponsor, I am very grateful to Congressman Dr. Tom Price for his insight and leadership on this very important issue.

It is no secret that Washington's budget process is broken. The over $17 trillion debt jeopardizes our national fiscal security and threatens future opportunities for our children and grandchildren.

I appreciate House Budget Committee Chairman Paul Ryan's work to produce a path forward that restores prosperity and makes substantial reductions to our debt over the next 10 years.

For far too long, Congress has passed bills without a full understanding of how policies will affect jobs and our economy. The Congressional Budget Office, the body we as lawmakers depend upon to provide fiscal and economic impacts of all legislation, has a bad track record of providing accurate information due to a significant loophole.

House Republicans have made meaningful strides in restoring fiscal accountability and responsibility back to Washington. We recognize, as the Lexington County Chronicle promotes, it is the taxpayers' money, not money the government allows citizens to hold temporarily.

Providing the CBO with the necessary toolkit to determine a bill's potential fiscal impacts on every aspect of our economy is a step in the right direction.

Take ObamaCare, for example. Seeing its failed implementation, which has destroyed jobs, proves we must see how a law will impact American job creators and the way families spend hard-earned paychecks.

I urge my colleagues on both sides of the aisle to support this legislation and give CBO the likely consequences that may occur.

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