[Congressional Record Volume 161, Number 53 (Tuesday, April 14, 2015)]
[House]
[Page H2158]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
A BALANCED BUDGET FOR A BETTER AMERICA
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Pennsylvania (Mr. Thompson) for 5 minutes.
Mr. THOMPSON of Pennsylvania. Mr. Speaker, on September 22, 2011,
former Joint Chiefs of Staff Admiral Mike Mullen referred to our
national debt as ``the single biggest threat to our national
security.''
He was correct in his statement that the United States continues to
suffer from overbearing debt and, unless immediate action is taken,
future generations will face unsurmountable challenges.
No one wants a future where policymakers are forced to choose between
discretionary programs, like roads and bridges or educating our
children, when they continue to be crowded out by mandatory spending
which accounts for more than two-thirds of our annual budget.
We need a strong social safety net. We need a strong national
defense. We need an America where young learners can have access to a
quality education and workers can receive the skills that they need to
gain family-sustaining jobs and keep businesses thriving and
competitive, both domestically and globally.
Unfortunately, aspirations for a more prosperous America are not
going to be achieved until we begin to get out from underneath this
burden of debt.
Mr. Speaker, since 2009, the Obama administration has added more than
$7 trillion to our national debt, and today, we owe more than $18
trillion, an amount greater than the annual gross domestic product.
While bipartisan agreements have led to some successes since 2011,
Congress must continue to put forth a blueprint that aims to reduce
deficit spending and provide a path to long-term fiscal stability.
Recently, the House passed a strong budget resolution that aims to
reduce spending by $5.5 trillion over 10 years to get a handle on
erroneous regulations and mandates that impede job creation and promote
true patient-centered healthcare solutions.
Mr. Speaker, the critics of this plan have unashamedly claimed that
Republicans ``want to end Medicare as we know it.'' Well, those
accusations could not be further from the truth. Unfortunately, these
nearsighted individuals have focused more on partisan attacks rather
than looking at the long-term challenges that we, as a country, face
together.
According to the nonpartisan Congressional Budget Office, the
Medicare hospital trust fund will be insolvent by 2030, which is closer
than we all would like to admit.
The House Republican proposal presents a plan to save, strengthen,
and secure Medicare for today's seniors and tomorrow's retirees. It
makes no changes for those in or near retirement, provides future
seniors with premium support, and will result in actual savings for
both beneficiaries and taxpayers.
The do-nothing alternative will only serve to break promises this
country has made to our seniors and places us on a road to rationing,
where beneficiaries will be burdened with arbitrary caps to medically
necessary procedures and care.
Mr. Speaker, I am in no way claiming this blueprint is perfect, but
please be assured that I was not elected to sit idle or squander an
opportunity to ensure that our great country can continue to support
promises that we have made.
Moving forward, as the House and Senate begin to conference and work
out the details between each Chamber's respective budgets, I will
remain committed to ensuring a strong national security, economic
competitiveness, and an atmosphere that fosters positive growth
throughout Pennsylvania and across our great country.
We have been given an opportunity to strengthen this great Nation.
Let us work toward that end, rather than vilify those who look to
provide us options. Our children and future generations of Americans
deserve as much.
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