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-- a good day I'm proud to be here.
With my fellow colleagues on the House Budget Committee.
They've worked very hard we have together to produce this document.
That we are holding on our hands the -- prosperity.
Also grateful for senator Jeff Sessions who's here with us with the ranking member of the Senate Budget Committee who brings a prosecutorial -- To the budget -- -- gotten out of control.
One year ago we offered our path to prosperity and this year we are offering again.
Our path to prosperity.
We're gonna build on the important work that we did last year.
-- take several new and improved strides.
We propose that we repeal the president's disastrous health care law.
It stops the law's mandates from trampling.
On our liberties.
It stops its spending from threatening our fiscal health.
And it stops this board of bureaucrats from threatening Medicare.
We propose to save -- strengthen Medicare by taking power away from government bureaucrats.
We preserve the Medicare guarantee for today's seniors.
So they can count on the benefits they've organized the retirement around -- -- We preserve that guarantee going to the future.
For tomorrow's seniors by empowering them with choices including a fee for service traditional -- option within a premium support system.
We believe competition and choice should be that way forward -- price controls that lead to rationing.
On the budget.
We also propose to strengthen Medicaid.
By empowering our states are returning money to them so they can design programs that are unique to -- states that -- this program to meet the needs of their.
We also reform welfare.
The 1996 welfare reform was very successful.
In getting toward an upward mobile society getting people off of dependency and on the -- to self sufficiency.
It unfortunately that was the only program among the means tested entitlement programs that would reformed.
And we're proposing similar reforms.
To the states so that we can make sure that we're not creating a culture of dependency in America.
But a culture of self sufficiency of getting people back on their feet in the lives of upward mobility.
We also propose.
As one of our home market issues to get economic growth and job creation to reform the tax system.
Specifically we including here a tax reform proposal provided to us by all of -- members of the Ways and Means Committee.
We proposed to collapse a six different tax brackets -- two writes it 10% bracket in at 45% bracket for individuals.
And point 5% bracket.
For corporations which is at the international average and going to a territorial system.
All those kinds inspection details you can get on the website that shows the letter that we've been given by the Ways and Means Committee.
I would say something about what's coming this next year.
The sequestered come.
A lot of people in Washington would like to simply ignored us.
A lot of people in Washington would like that simply think that we can spend as we're going and ignore the fact that on January 2 the sequester kicks in.
We don't think we should ignore this and -- were doing in this budget this year is something we haven't done for six years.
We're going to propose to go through a reconciliation process.
You might be thinking well -- -- reconciliation a couple of years ago they distorted the reconciliation process to jam through and you partisan health care entitlement.
We're going to bring reconciliation back to what it was meant to -- which is to get spending and deficits under control.
We're instructing six authorizing committees.
To bring -- they are spending cuts to the Budget Committee and then -- to the floor.
By -- So we can show how we would replace next -- sequester.
We think that that is extremely important to show the country exactly.
How we would prepare for these these -- meant to -- -- now.
I think it's also critical to -- to reiterate the several challenges that are facing our country I wanna bring every attention to these charts.
On this thing actually -- Now we've had doubled in the past.
We've had for a brief moment surpluses.
But we've had deficits look at where our country is headed look at where the president in his budget is taking the country.
The president's budget is putting us on a path.
Of a debt crisis of decline.
And these -- the deficits that are in store for America if we stay with the status quo.
Here is what the path -- prosperity proposes.
We propose to get our budget on a sustainable path.
We propose to get a budget not only in a -- the balance but on to paying off the debt on a path to prosperity.
And if we actually start growing economy faster which we think our policies will result than than the budget would balance even faster than it is shown right here.
Let's talk about spending.
The president keeps the size of government at historic highs.
Now in well into the future he never bring spending back down to where historically has -- Like when he fifteen.
We get spending down to 20% of the economy which is our historic average and then below that after that.
All -- all over proposing here is to cut five point three trillion dollars in spending from the president's budget.
This result at least 3.3 trillion dollars in deficit reduction compared to the president's budget now.
Here is really what it all matters.
And that is.
What about the national -- We know in front of us is one of the most predictable crises we've ever had in this country's history.
A mountain of debt that is coming this is what the Congressional Budget Office is telling us our future's going to look like.
This is the future but the president's plan of debt declined brings us to this is what the senate gets you by doing nothing by not passing a budget.
For three years in a row.
This is a future that gives our children they diminished country this is a future that ruins our economy this -- the future that we don't want to see happen.
And so if we have a difference of opinion with the present in the direction he and the senate -- have taken a country which we do.
We feel morally bound to offer -- choice.
And we have a legal obligation.
And our budget laws to produce a budget.
-- -- what our budget does is it shows precisely how we will get this budget under control and get our debt levels are in control.
The end of the day it's all about growth.
It's about growing opportunities it's about growing the economy.
To -- lifting the debt.
Restoring economic freedom reforming the tax code so that we can help have our economy reach its full potential.
It's about turning.
Our system that has become a dependent culture into an opera mobile society.
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