Washington, D.C. – This morning, Congressman Tom Price, M.D. (R-GA), the vice chairman of the House Committee on the Budget, discussed the Path to Prosperity: A Responsible, Balanced Budget on CNN’s “Starting Point with Soledad O’Brien.” Click below to watch the clip.
On President Obama’s Claim That He Won’t “Balance for the Sake of Balance”
“Why is it important to balance? It’s important to get our budget in balance and that means that Washington doesn’t spend more money than it takes in, just like families can’t and just like businesses across this country can’t. The reason it’s important for a government to do so is that it creates greater growth, greater opportunity, more security for individuals, more growth in the economy so that jobs can be created, more opportunity for young people to find jobs. Fifty percent of the young people getting out of college today can’t find a job in their area of expertise. That’s just wrong, and we need to get the economy thriving again.
“For seniors, we need to make certain that we save and strengthen and secure the safety net programs, Medicare especially, which is on track right now under current law – the President’s plan, apparently – to go broke within 10 years.”
On Democrats’ Demagoguery of the House GOP Budget
“The president hasn’t brought his budget to Congress yet this year. He was supposed to do it on February 4th. We look forward to seeing it. But, his last budget spent $46 trillion in the next ten years. Our budget spends $41 trillion in the next ten years – hardly draconian reductions. This is a slower growth of spending so we can get to balance. Clearly, there’s waste in Washington spending and the American people understand that.”
On Improving Health Care, Saving and Strengthening Medicare
“This is a vision. This is what we believe ought to be the priorities for the country. And we don’t believe that the president’s health care law is wise from a health care standpoint. … Costs are going up for health care. Access is being diminished. Quality is being diminished. The American people are not going to tolerate this. We believe there’s a better way, and that’s what we put in our budget. A better way to save and strengthen and secure Medicare; a better way to provide state flexibility for Medicaid; and a better way to provide health coverage for the American people.”
On Pro-Growth Tax Reform
“We believe that tax reform ought to occur so that we get a pro-growth tax policy, so that we get the economy rolling again, and we’re going to charge the Ways and Means Committee with doing that. They’ve come out with some white papers that provide a construct for that, and that’s what we’re excited about. We’re excited about making certain that we bring down tax rates for individuals and for businesses. We have the highest business corporate tax rate in the industrialized world. That doesn’t create jobs for anybody. In fact, that’s a disincentive for job creation. So there’s wonderful reforms, positive reforms to get our economy rolling again and get jobs being created within the House Republican budget. We look forward to the debate that’s going to come.”