Congressman Paul Ryan, Chairman of the House Budget Committee, presented this document, "Path to Prosperity: A Responsible, Balanced Budget," on behalf of the House Budget Committee on March 12, 2013. See also Ryan's past budget proposals for 2012 and the Senate Budget Committee's proposal, presented by Senator Patty Murray.
From the Facts and Summary:
"Washington owes the American people a responsible, balanced budget. This is a plan to balance the budget in ten years. It invites President Obama and Senate Democrats to commit to the same common-sense goal. This budget will achieve the following:
- Stop spending money we don't have by cutting wasteful spending.
- Fix our broken tax code to create jobs and increase wages.
- Protect and strengthen important priorities like Medicare and national security.
- Reform welfare programs like Medicaid so they can deliver on their promise.
Balance the Budget. Grow the Economy.
The House Republican budget reduces deficits by $4.6 trillion over the next ten years. It targets wasteful Washington spending and reforms the drivers of the debt.
This budget stops spending money we don't have. It achieves the common-sense goal of a balanced budget in ten years. A balanced budget will foster a healthier economy and help create jobs.
By tackling the debt, this budget will help grow our economy today and ensure the next generation inherits a stronger, more prosperous America.
The Human Scale
Our budget will help improve the lives of American families.
- Provide economic security for workers and parents.
- Ensure a secure retirement for the elderly.
- Expand opportunity for the young.
- Repair the safety net for the poor.
Key Components of the House Republican Budget:
This budget offers a plan to expand opportunity. While not sufficient by themselves, policy reforms at the federal level can help foster an environment that promotes economic growth. This budget seeks to equip Americans with the skills to succeed in a 21st-century economy and to grow that economy through long-overdue tax reform. Both reforms work off the same principle: The American people know their needs better than bureaucrats thousands of miles away. And government has a responsibility to support their efforts.
A Safety Net Strengthened
This budget applies the lessons of welfare reform to all federal aid programs. It gives states more flexibility to tailor programs to their people's needs. It gives those closest to the people better tools so they can root out waste, fraud, and abuse. Finally, it empowers recipients to get off the aid rolls and back on the payroll. By enlisting states in the fight against poverty, this budget builds a partnership between the federal government and our communities.
This budget protects and strengthens Medicare for current and future generations. It also requires the President and Congress to work together to forge a solution for Social Security. This budget recognizes that the federal government must keep its word to current and future seniors. And to do that, it must reform these programs.
The administration's uncontrolled, wasteful spending in combination with an overzealous regulatory agenda has weakened an anemic economy and created barriers to job creation, especially for small businesses. To restore fairness—and vitality—to our economy, this budget ends cronyism; eliminates waste, fraud, and abuse; and returns the federal government to its proper sphere of activity.
A Nation Protected
The first job of the federal government is to secure the safety of its citizens from threats at home and abroad. Whether defeating the terrorists who attacked this country on September 11, 2001, deterring the proliferation of weapons of mass destruction, or battling insurgents who would harbor terrorist networks that threaten Americans' lives, the men and women of the United States' military have performed superbly. This budget provides the best equipment, training, and compensation for their continued success. It also keeps faith with the veterans who have served and protected the nation.
A Budget Process Reformed
When it comes to fixing the broken budget process, the choice facing Americans could not be clearer: The President and his party's leaders have failed to take their budgetary responsibilities seriously. By contrast, the Republican majority in the House has met its legal and moral obligation by passing a bold budget that tackles America's most pressing fiscal challenges. Last Congress, the House Budget Committee authored and advanced several statutory reforms to bring more accountability to the federal budget process. This budget continues in the spirit of those proposed reforms, which the Committee will again pursue after this resolution has been adopted by the House."