Providing for Consideration of H. Con. Res. 96, Concurrent Resolution on the Budget fr Fiscal Year 2015, and Providing for Proceedings During the Period from April 11, 2014, through April 25, 2014

Floor Speech

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Ms. FOXX. Madam Speaker, I thank the gentleman from Georgia for yielding. I also thank Chairman Ryan and his staff for their hard work in producing this budget. We owe them a debt of gratitude.

Madam Speaker, budget puts a numerical value on the priorities we claim to value, and as such, it is a moral document. This budget will protect and strengthen Medicare, preserve our commitment to veterans, and keep faith with future generations by getting spending under control and fostering economic growth.

This budget controls spending by ending sweetheart deals for favored corporations and returning government to its proper limits. Years of overreach and cronyism have weakened confidence in the Federal Government and damaged our economy.

As Chairman Ryan mentioned in his Rules Committee testimony last night, the CBO has warned that, if we fail to address our lackluster economic growth and rising debt, our children and grandchildren are guaranteed a lower standard of living than what we currently enjoy.

For the first time in American history, we may bequeath to our children and grandchildren a less prosperous country with limited opportunities to pursue their American Dream. As a mother and grandmother, I will do all I can to keep that from happening.

Over the next decade, the U.S. Government will spend $5.8 trillion servicing debt--$5 trillion, Madam Speaker--simply to make interest payments to our creditors.

Those dollars could be put to work at home strengthening our military, caring for our veterans, and improving the lives of all Americans; but instead, nearly half of it will go to pay for the inability of those who came before to manage the Nation's Treasury responsibly. We need to stop spending money we don't have.

Unlike the President's budget, this budget actually balances within the budget window. A balanced budget will foster a healthier economy and help create jobs. By reducing the capital the government takes out of the private sector, this budget will foster opportunity.

This budget would keep our children and grandchildren from inheriting an insurmountable debt. If we take action now, we can pass on an America that is free, prosperous, and filled with opportunity.

I hope my colleagues will join me in supporting this bill.

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