Today, Rep. Ed Royce (R-CA) issued the following statement after House Republicans introduced their budget proposal:

 

"House Republicans have put forth a serious budget, one that offers real solutions for our nation’s long-term economic growth. The President’s budget, in stark contrast, continues to recycle failed policies. It adds nearly $6 trillion to our nation’s already bloated debt and never balances. While Senate Democrats, for over 1,000 days, have failed to pass a budget.

"Earlier this month, I asked the Federal Reserve Chairman if our current government spending trajectory is sustainable. His response: "No, I don't think it is."

"We are drowning in red-ink and our debt now exceeds the size of our economy. The solution isn’t more spending and more borrowing. With $5 trillion in spending cuts and $3 trillion in deficit reductions, the House Republican proposal puts us on a path towards balancing our budget and gives us a strategy to pay off our debt.

"My colleagues and I are committed to putting Americans back to work and providing our nation’s job creators with the opportunity to grow and succeed. The House Republican budget is a serious proposal to ensure that future generations aren’t burdened by debt."

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