“Any job creation is positive news, but the fact is unemployment in America is still way above the levels the Obama White House projected when the trillion-dollar stimulus spending bill was enacted, and the federal government’s ongoing spending binge has resulted in a debt that exceeds the size of our entire economy. As 180 economists said in a statement this week, our spending-driven deficit threatens our economy, and responsible spending cuts are needed ‘to help put the country on a path to a balanced budget within ten years.’ And yet there’s news today that the president’s budget, which is already more than a month late, might slip to April.
“Without a plan to control spending and balance the budget, our national debt will keep piling up on the backs of our children and grandchildren; our most important safety net programs will grow weaker and weaker; and the prospects for long-term economic growth will dim. That’s why the House will begin work next week on a budget that offers a better path forward, one focused on more economic growth and more jobs. Our plan will balance the budget within 10 years. And it will lay the groundwork for a fairer, simpler tax code that closes loopholes and lowers rates to help create new jobs, increase wages, and grow our economy long-term. Every family has a stake in this debate. And we hope they’ll visit speaker.gov and share their thoughts as we work to address our debt and expand opportunities for all Americans.”