Conference Report on S.Con.Res.11, Concurrent Resolution on the Budget, Fiscal Year 2016

Floor Speech

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Mr. McCLINTOCK. I thank the gentleman for yielding me time.

Mr. Speaker, with this vote, our Nation is about to take its first step away from financial ruin and back to prosperity and solvency. Our Nation's debt has literally doubled in 8 years, now exceeding the size of our entire economy. That debt requires us to make interest payments of $230 billion this year. That is nearly $2,000 from an average family's taxes just to rent the money that we have already spent.

On our current path, that burden will triple within a decade, eclipsing our entire defense budget. Medicare and Social Security will collapse just a few years after that. Time is not our ally, and the future is not a pleasant place if we continue just a few more years down the road that we have been on.

That is why this budget is so important. It changes the fiscal course of our Nation, slowly pointing us back toward solvency and prosperity. It restores congressional oversight of an abusive Federal bureaucracy.

It rescues our healthcare system from the nightmare of ObamaCare. It rescues Medicare from collapse. It adopts the time-tested progrowth policies that produced the Reagan economic recovery and the unprecedented prosperity of the 1980s.

If we can implement this budget, in 10 years, deficits will turn to surpluses, and we can begin paying down this ruinous debt at a pace that ensures that students now in college will retire into a prosperous, secure, and debt-free America.

It is not perfect, and it is not complete. Ahead of us are many months of legislating to build the governmental streamlining and reforms that it calls for, but if we can set this course and if we can stay this course, one day in the very near future, a new generation of Americans can know just how wonderful it is to awaken and realize that it is morning again in America.

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