CAMPBELL: The Senate's Budget is a Dangerous Mirage
March 20, 2013
March 20, 2012 -- Rep. John Campbell (R-CA) addresses the pitfalls and empty promises of the Senate's FY2014 Budget Proposal from the floor of the House of Representatives. Drawing comparison through an allegory about neighbors who have been foreclosed on after engaging in impulse buying with no fiscal restraint, Campbell says the Senate's budget plan spends equally extravagantly with no balance or attempt at solving the debt crisis this country is quickly approaching. The House Republican Budget plan, Campbell notes, does balance the budget and would ensure that the U.S. never has to renege on the promises it has made to its citizens.
Full Transcript of Rep. Campbell's Remarks:
"Sometimes, Mr. Chairman, you live in a neighborhood and you look down the street and there is a neighbor there. And, they got new cars and they are remodeling the kitchen and they take a lot of expensive vacations. You look down the street and you wonder how are they doing that? They live on the same street that we live on. How are they doing all that stuff? And, you're tempted. Well, why don't we get some new cars? Why don't we get to redo the kitchen and take some longer, nicer, more expensive trips?"
"And, then one day the sticker goes up on the window of that house that says that they have to leave. And, the moving van comes up and the house is foreclosed upon. The cars go away, they can't use the kitchen anymore, and they are not doing any more trips. And, you realize you made the right decision. It was a mirage. It looked like they could pay for all that, but they couldn't."
"This is an allegory for what's going on now. We have neighbors in the world - the United States does -- like Greece, Spain, Cyprus, Japan and they have those stickers going up. Those foreclosure stickers are going up because they can't pay for what they are doing. And, the Senate budget before us follows that same path: A mirage. It has a lot of what seems to be great things, but you can't pay for them and eventually that eviction and foreclosure will come. We cannot do that. We cannot foreclose on Medicare. We cannot foreclose on the things that we provide for people. We cannot foreclose on the job engine that is this country. And, we don't foreclose on it by having a balanced approach, which means balancing the budget, which means bringing the budget into balance, into line so that those stickers don't go up on this house we call the United States of America."