Good evening. I’m Congressman Paul Ryan from Janesville, Wisconsin – and Chairman here at the House Budget Committee.
President Obama just addressed a Congressional chamber filled with many new faces. One face we did not see tonight was that of our friend and colleague, Congresswoman Gabrielle Giffords of Arizona. We all miss Gabby and her cheerful spirit; and we are praying for her return to the House Chamber.
Earlier this month, President Obama spoke movingly at a memorial event for the six people who died on that violent morning in Tucson. Still, there are no words that can lift the sorrow that now engulfs the families and friends of the fallen.
What we can do is assure them that the nation is praying for them; that, in the words of the Psalmist, the Lord heals the broken hearted and binds up their wounds; and that over time grace will replace grief.
As Gabby continues to make encouraging progress, we must keep her and the others in our thoughts as we attend to the work now before us.
Tonight, the President focused a lot of attention on our economy in general – and on our deficit and debt in particular.
He was right to do so, and some of his words were reassuring. As Chairman of the House Budget Committee, I assure you that we want to work with the President to restrain federal spending.
In one of our first acts in the new majority, House Republicans voted to cut Congress’s own budget. And just today, the House voted to restore the spending discipline that Washington sorely needs.
The reason is simple.
A few years ago, reducing spending was important. Today, it’s imperative. Here’s why.
We face a crushing burden of debt. The debt will soon eclipse our entire economy, and grow to catastrophic levels in the years ahead.
On this current path, when my three children – who are now 6, 7, and 8 years old – are raising their own children, the Federal government will double in size, and so will the taxes they pay.
No economy can sustain such high levels of debt and taxation. The next generation will inherit a stagnant economy and a diminished country.
Frankly, it’s one of my greatest concerns as a parent – and I know many of you feel the same way.