RSC (Republican Study Committee) 2013 Budget
House Chamber, Washington
March 28, 2012
M. Chairman:
This nation is on a collision course with a sovereign debt crisis the magnitude of which we have never experienced. This is not some moonless night on the Atlantic. We are spending full speed ahead toward that iceberg of debt in the full light of day and we can all see it plainly.
The House budget turns the ship just barely enough to avoid hitting the same hazard which has already wrecked Greece. The RSC budget turns us promptly and safely.
It builds on the House Budget Committee’s work, but within the budget passed by the House last year as adjusted by the sequester. It is hardly Draconian: it returns us to our spending levels before the Obama/Pelosi spending binge began in 2008.
After all, many families have been working within flat or even diminished family budgets since then and they have every right to expect their government over the next five years to do what they have already been doing over the past five: work hard, waste not and live within your means.
If we were to do so, this nation could see a balanced budget again within five years and redeem its rightful place as the respected financial leader of the world.
We know the challenge, we see the American dream at risk, and we know that we have but a fleeting moment in history to avoid the hardest times our nation has ever known. We can act now, place our retirement systems on sound financial footing, arrest the debilitating spiral of debt that threatens the very survival of our nation, and return our economy to the prosperity it has known when it enjoyed what Jefferson called a “wise and frugal government.”
Or, we can continue on our present course until we crash into the ice cold and hard reality that we can all so plainly see dead ahead.
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