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Congressman Tom McClintock

Representing the 4th District of California

Fiscal Year 2013 Budget

March 28, 2012

House Chamber, Washington, D.C.
March 28, 2012

I thank the gentleman (Mr. Ryan) for yielding and I thank him for his vision and courage.  It has truly been an honor to serve on this committee under his leadership. 

Mr. Chairman, a year ago, the House passed a budget that would have put our nation back on the path to fiscal solvency and ultimately paid off the entire national debt.  It would have saved Medicare and Medicaid from collapse and put them back on a solid and secure foundation.  According to Standard and Poor’s, it would have preserved the triple-A credit rating of the United States Government. 

That plan was killed in the Senate, which has not passed a budget in three years.  The Senate Majority Leader complained that it threatened the Cowboy Poetry Festival in Elko, Nevada.  An allied group ran a smear campaign, depicting Congressman Ryan as a monster willing to throw his own grandmother off a cliff.

Sadly, that’s what passes for reasoned discourse on the Left.

The result is that today, our country is another year older and more than a trillion dollars deeper in debt.  We have lost our Triple-A credit rating.  We have watched our nation’s debt exceed our entire economy, putting us in the same league as the worst-run European governments. 

Mr. Chairman, this is not a perfect budget.  No budget ever is.  But it will save our country from the calamity now destroying Greece.  That should be reason for a resounding and (dare I hope) bi-partisan vote. 

A year ago, a panel of experts from Left to Right warned us that we were then, at best, five years from a sovereign debt crisis. I wonder, how many more years we’ve got?  I wonder how many more chances will we have to set things right before events overtake us and we enter the inexorable downward spiral of bankrupt nations?

Let’s not find out the answer to that question.  Let us redeem our nation’s finances and restore our nation’s freedom while there is still time.  That is our generation’s responsibility and our generation’s destiny.

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