A Balanced Budget From the President? Not In This Lifetime.
Editor’s note: This and more in this roundup of budget-related pieces and releases
From the Office of Speaker Boehner:
No word is used more often by the White House these days than “balance” when discussing budget matters. But while President Obama has his own definition of the word, to most Americans, a “balanced” budget is one that doesn’t add to the deficit. Today, White House Press Secretary Jay Carney made very clear that a balanced budget is something the American people should never expect to see from this president.
Asked directly by NBC’s Chuck Todd whether a balanced budget is a goal of the president – over any time frame – Carney said the president’s goal was a “sustainable” deficit, not an eliminated one. That’s Washington-speak for continuing to pile more debt on our kids and grandkids. At this point, the president’s budget is now five weeks late and nowhere in sight – an unprecedented delay – but clearly White House budget writers are not using this extra time to find a way to actually eliminate the deficit – ever.
House Republicans know that Americans want Washington to balance its budget, just like they have to do every month. That’s why under the leadership of Budget Committee Chairman Paul Ryan, House Republicans will advance a budget blueprint that balances within 10 years. This is in contrast to Senate Democrats (doing their first budget in four years) and their plan which, it has been reported, is “not expected to do anything to erase the nation’s deficits.” With the president AWOL and unserious about eliminating the deficit and Senate Democrats unwilling to make the choices necessary, it’s clear that Republicans are the only ones in town with a plan to free our next generation from a growing mountain of debt.
The Path to Prosperity: A Responsible, Balanced Budget (House Budget Committee):
We owe the American people a responsible, balanced budget.
We balance the budget in 10 years. Senate Democrats never balance—ever.
It’s not fair to take more just to spend more in Washington.
A balanced budget will foster a healthier economy and help create jobs.
- We can’t keep spending money we don’t have. By refusing to get serious about spending, many in Washington are making clear they favor trillions of dollars of tax increases on American families.
- It is irresponsible to take more from hardworking taxpayers to spend more in Washington.
- House Republicans have a plan to get spending and debt under control so we can regain control of our future.
- We have a plan to:
- Stop spending money we don’t have by cutting wasteful spending;
- Fix our broken tax code to create jobs and increase wages;
- Protect and strengthen important priorities like Medicare and national security;
- Repair the safety net and expand opportunity to all Americans.
- Every family must balance its budget, and Washington should too. We invite the President and Senate Democrats to join us in this common-sense goal.
- We have a plan to balance the budget in ten years. Unfortunately, the Senate Democrats’ budget never balances—ever.
- With the right reforms in place, we can balance the budget, foster a healthier economy, and create jobs.
From the Office of Speaker Boehner:
Senate Dems’ Budget Won’t Do “Anything to Erase the Nation’s Deficits”
Last week, Speaker Boehner challenged Senate Democrats to embrace this common-sense goal of balancing the federal budget within 10 years, a goal Americans strongly support. As the following news reports make clear, Senate Democrats have no intention of listening to the American people:
- Washington Post: “Senate Budget Committee Chairman Patty Murray (D-Wash.) plans to unveil her blueprint on Wednesday — and it’s not expected to do anything to erase the nation’s deficits.”
- Wall Street Journal: “Ms. Murray’s plan is expected to increase taxes on upper-income households and corporations and make modest spending cuts to domestic programs; it wouldn’t balance the budget anytime soon.”
- The Hill: “[Senate Democrats] have signaled that their budget will do more to raise revenue than to cut spending and that it will not end deficits.”
- National Journal: “What [Senate Dems’ budget] is unlikely to do is lay out a detailed blueprint for cutting the federal health entitlement programs that drive the country’s long-term deficit.”
Tomorrow, House Budget Committee Chairman Paul Ryan (R-WI) will unveil The Path to Prosperity: A Responsible, Balanced Budget, the House GOP plan that will promote robust economic growth and create American jobs (watch the unveiling live on Speaker.gov). The GOP plan, which will balance in 10 years, will (1) stop spending money we don’t have by cutting wasteful spending; (2) fix our broken tax code to create jobs and increase wages; (3) protect and strengthen important priorities like Medicare and national security; and (4) repair the safety net and expand opportunity to all Americans. Every family must balance its budget, and Washington should too. It’s long past time for President Obama and Senate Democrats to embrace this common-sense goal.
Speaker Boehner: Balancing the Budget Is Key to Growing Our Economy, Expanding Opportunity
WASHINGTON, DC – House Speaker John Boehner (R-OH) released the following statement in praise of The Path to Prosperity: A Responsible, Balanced Budget released today by Chairman Paul Ryan (R-WI) and Republicans on the House Budget Committee:
“We owe it to the American people to balance the federal budget — and Republicans have a plan to do it in 10 years. Our balanced budget is focused on growing our economy and expanding opportunities for all Americans. It cuts government waste, fixes our broken tax code to help create new jobs and increase wages for working families, repairs the safety net for struggling Americans, and protects and strengthens important priorities like Medicare and defense.
“I want to thank Chairman Ryan and all of the Republicans on the House Budget Committee for their work on putting together this balanced budget, and I would encourage President Obama and Senate Democrats to follow our lead. Washington’s long-time failure to address our country’s long-term challenges has been a stain on both parties. We can start setting things right by balancing the budget, and handing our children a booming economy instead of a mountain of debt.”
NOTE: Learn more about The Path to Prosperity – Republicans’ responsible, balanced budget – at budget.house.gov.
House Budget Committee GOP Releases a Responsible, Balanced Budget
WASHINGTON—Today, House Budget Committee Chairman Paul Ryan of Wisconsin and Committee Republicans released their plan to balance the budget in ten years. It is a responsible plan to cut spending, reform government, and foster a healthier economy. It provides economic security for families, repairs the safety net for the poor, strengthens retirement for seniors, and expands opportunity for all.
The Fiscal Year 2014 budget will be formally unveiled at 10:30 AM ET today. To watch Chairman Ryan and Budget Committee Republicans discuss their plan, tune in here.
Writing in today’s Wall Street Journal, Chairman Ryan makes the case that we need to stop spending money we don’t have. Ryan writes: “Yet the most important question isn’t how we balance the budget. It’s why. A budget is a means to an end, and the end isn’t a neat and tidy spreadsheet. It’s the well-being of all Americans. By giving families stability and protecting them from tax hikes, our budget will promote a healthier economy and help create jobs. Most important, our budget will reignite the American Dream, the idea that anyone can make it in this country.”
Read the full op-ed here.