It eliminates pell grants for students and provides a harsh squeeze for millions more. The key to a good job and opportunity is that college degree. But republicans turned a blind eye to the fact that College Costs continues to escalate. They will say hell grants pe ll much harder to come by in america. Research strings under the ru republican project. This includes alzheimers, cancer, and aides. We rely on those dollars for jobs at the ke diversity and research and businesses that are growing and innovation. The heart of American Ingenuity over our history has been in manufacturing and the ability to build ridges, roads, railroads, and a community. It attracts private investment. The government dollars we provide for transportation and infrastructure are in supply exponentially. It attracts private investment. But in the face of the desired to build and grow, republicans cut such investment by 32 . The republican budget is not consistent with american values. It is not fiscally responsible. It puts american jobs at risk. It ignores the fact that job creation and Economic Growth are the most effective ways to reduce that debt and the deficit. It is a plan for economic weakness. It is a receiving vision of american greatness and innovation. It is a harsh vision for our great country. I yield back to my colleague. I yield to an half minutes. Two and a half and its. Minutes. Thank you. I own a business. I understand the tough choices needed to balance a budget. I understand the tough choices it takes to grow jobs. I have to say youre not making tough choices when you produce a budget that hurts middleclass families and slashes programs for middleclass. Youre making a dangerous choice that will have real impacts on families across the nation. The Economic Policy institute found that the he was a planned release to date will result in two american jobs next year alone and stalled economic recovery. That is on top of sequester cuts in jobs we will see this year. The biggest threat to our long Term Economic security at this time is not the deficit. It is the economy. It is the lack of jobs. It is a future where the u. S. Cannot compete with its global peers. This will bring us closer to that scenario. Chairman ryan and i share wisconsin. This is a bluecollar county where people are proud of the work they do and they want to be working. But they are struggling. Four years ago, 2000 employees lost their jobs. A Company Announced they were shutting down. We do not help them or america when we keep tax incentives for companies to ship jobs overseas instead of Incentivizing Companies to hire in wisconsin and in america. We do not help them when we cut programs and raise taxes on the middle class so we can lower the tax rates for the top earners in this country. That seems to be what we received in the budget that is on our guest today. Budget should reflect values. What we need to do is focus on Economic Growth and how to get the people of america back to work. We need a real path to prosperity. When we invest in infrastructure, research, development, Small Business loans, we can increase competitiveness globally and support Small Business owners and create jobs. I want to work with all my colleagues on the Budget Committee on a balanced budget that focuses on job growth and can responsibly reduce the deficit. Instead of resorting to recycled policies that have been rejected by the public and congress, we need to focus on ways we can Work Together to move our economy forward. I yield back the balance of my time. In conclusion, we know you generate to generate a strong environment economy, we need to invest and not cut. The ryan budget cuts in all the wrong places. I yield back. Thank you. I yield myself five minutes to discuss the implications of the ryan republican budget on medicare. The federal budget is a priority. There is quite a contrast for the way we would implement our priorities and values are. A budget should be responsible and reduce the deficit. It should make investments to grow the economy. It is also an obligation to seniors and our future. The republican budget fails to meet all those challenges. It undermines commitments and shifts the financial burden to middle class americans. It fails to make the investments in education and infrastructure necessary to ensure competitiveness, opportunity, and Economic Growth. And yes, it feels to meet it fails to meet obligations. They talk about how much their parents need and use medicare. They know they are paying into the medicare now. But the republican budget ends medicare for senior. They want to shift the costs of health care to seniors and their families. Many seniors and disabled americans count on medicare. Medicare is a promise to all seniors in this country. House republicans are yet again proposing to break that promise. Republicans plan to end the day care as we know it. There is a wide array of choices in medicare. Over 90 of physicians participate in medicare and seniors a choice of their doctors and Medicare Advantage a new delivery models and seniors value those choices and access to doctors. The republican budget hands over those choices to Insurance Companies. We are working hard to engage in new ways to reduce the costs of health care under medicare, we are seeing a lower rate of increase in medicare. What the republican budget would do is raise the health and safety and Financial Security of our seniors by undermining those innovations and cutting costs in medicare. Baby boomers are coming into medicare. 10,000 new ones per day. We want to make sure we demand efficiency and quality. We have to do it the right way. Lets do that. Lets reject the republican budget and make sure we have a balanced approach in these commitments. We need to meet our obligations to seniors and not through a voucher program, but finding a way to sustain the commitment we have made. With that, i will yield to my colleague from california to also speak about how important medicare is to seniors. Utes. Nd a half min thank you. Excuse my voice. Im recovering from a cold. Thank you for your unwavering leadership and protect in seniors. There are bush policies i cannot forget. In 2005, there was a rising tide of poverty under failed economic policies. Millions of americans are still struggling to recover from the massive financial crisis this administration inherited. Republican budget extends and even expand these terrible economic failures of the bush administration. But under the clinton administration, they brought in revenue with higher taxes. We created more jobs. We balance the budget. We have the revenue we need to maintain a stronger safety net. In stark contrast, this republican budget protects the wealthy and the powerful while medicare and medicaid and the safety net for children and seniors and the disabled and the vulnerable. This budget would put seniors at the mercy of private Insurance Companies and dramatically increasing their healthcare costs and limits in the choice of others. This budget comes at a time when congress has cut spending by 1. 5 trillion dollars and an additional 85 billion cuts in the sequester. Even though programs have a Child Tax Credit and medicaid support families and promote economic recovery, this republican budget continues the misguided effort to punish the poor, vulnerable, and Senior Citizens. We want to create jobs and opportunities for everyone, but we cannot shred the safety net for our seniors as this budget does. It threatens to shatter our fragile recovery while recanting pentagon protecting Pentagon Spending. They encourage corporations to send american jobs offshore. I think we all agree that a budget is a moral document, or at least it should be a moral document. I have in my hand a letter from a little girl. She wrote to me. She is six years old. She lives in oakland, california. She has a simple message for our committee. She says, please help hungry children. It is the true measure of our nation of how we treat our war, seniors, and especially children like this little girl. She gets it. If there is one hungry child in america, this committee, this budget has failed to do its job. Helpudget will not only hungry people, but that more people at risk of being hungry. Itll put seniors at risk. This is not who we are. Thank you. Now to talk about how this budget protects special interests at the expense of the middle class, i will recognize senator blumenthal for five minutes. Thank you. This should be a discussion we are focusing on areas of agreement and progress. Healthcare reform not only im pleased that the chairman has agreed that we will have a hearing later in the year dealing with the infrastructure deficit that this country faces. As i go through the material, i see not one word that references infrastructure and its opportunities. We are seeing a Relentless Assault on the middle class. If enacted, it would costs 2 million jobs, 750,000 middle class jobs. It would freeze things like pell grants and a lemonade you can listen to your own state universities and community colleges. Incorporated in this is the ongoing tax shuffle that we have been dealing with for the last couple of years. There is no hint of how there will be tax loopholes cut that would provide for a 25 top rate. We have been listening to that for years with the centerpiece of a Residential Campaign that one of us was involved with. No one gave a sense of how that would be possible without dramatic reduction but the middle class depends on like a home interests tax reduction. We have been reluctant to see people close special interest. We have tried repeatedly to deal with the oil and gas subsidies of 100 years that long ago ceased to be an incentive to produce oil and is merely a tax subsidy to their autumn line. We can and must to their bottom line. I look forward to an opportunity for the democrats to offer their alternative. In the meantime, we get to hear from my colleagues. Thank you. I agree with my friend from oregon. The tax code is overly complex. It has hundreds of tax breaks and not only distort economic hit year, but also do that for consumers as well. You can see from chart 18 that these tax expenditures amount to a lot of money. Over 1. 1 trillion per year just shy of the amount of all discretionary spending, including defense. Many of these tax breaks are simply wasteful spending through the tax code. How else can you characterize special tax breaks for corporate jets and big oil . It is a shame that challenging this wasteful tech spending seems to break down along party lines. I have no doubt that it is tax picks for social spending programs, my republican friends would be howling about government waste and corruption. But these tax giveaways for some of the wealthiest and most powerful in this country seem to be of no concern. One of the most egregious examples is the special tax preference that this budget gives to Oil Companies. These are companies that have profited over 1 trillion in profits over the last 10 years. You can see it from chart 17. Those profits are aided by a couple of billion dollars that they receive annually courtesy of code. Of the tax would. Exxon and shell were ranked as the top profiting companies. They were not helping the average american by providing more jobs or providing lower prices at the pump. Four of the five companies shed a total of 15,000 jobs over the previous five years. Theres no doubt about it that big oil has been making big profit while gouging consumers with the gas prices and pocketing the tax breaks, yet they get a big tax under this republican budget. You can call it the path to prosperity, but it is really the path to prosperity for big oil and the road to perdition for the rest of us. There are better ways to spend tax dollars. Subsidizing big oil fix our country in the wrong direction on energy policy. We should not increase dependence on fossil fuel that is expensive. Theres nothing is fully responsible about Climate Change denial or pursuing tax and Energy Policies that maximize profits for big oil while pushing the costs off on children and future generations. I dont the balance of my time. Yield the balance of my time. Thank you. We should talk about ways we can do a better job. I yield 10 minutes. I yield myself to and a half minutes. The highest priority for democrats on this committee since we inherited this economic crisis that is creating jobs last month we got good news. The economy created 36,000 jobs in february. None of limit rate drop to 7. 7 . The lowest since 2008. The Unemployment Rate dropped to 7. 7 . That is the lowest since 2008. Can we please put the slide on the monitors . There you have it. The Unemployment Rate what it could be and should be. It has been the story of our recovery. What are the consequences of not having enough police, firefighters . Teachers . As you can see from this slide on the monitor, according to the household survey, there are 950,000 fewer people employed by state, local, and local governments federal governments since 2009. You have never put before the American People what the consequences are of the layouts. Shame on you. These are not the faceless government bureaucrats the other side likes to demonize. The are the teachers in your childrens classrooms and the cops and the firefighters keeping your communities safe. That is why this is fundamentally flawed. What happened . We lost 8 million jobs. Why are we doing this again . Why . Look at what is happening in europe with austerity. The way debt has been described on this panel is totally, totally unrealistic. Why in gods name would be one to follow down the path of europe . That is the only place this roadmap will take us. Creating Economic Growth by investing in our country is the best way to reduce our deficit. The first thing we need to do is replace the looming sequester. That is 750,000 jobs. Our Ranking Member was offered an amendment to eliminate the shortsighted way. We must invest in job creation. With that, i will yield 2. 5 minutes to the gentleman from rhode island. I thank the gentleman from new jersey. The single most effective way to bring prosperity and well being to our country is to get people back to work. Rhode island has been hit by the economic downturn. We have the highest Unemployment Rate in the country. We understand the importance of developing a Budget Proposal that creates new opportunities for middleclass families. If we are serious about keeping our economic recovery going, we need a budget that supports Small Businesses and is Everything Possible to help them succeed. We need to make things in america. We need to stop exporting American Goods we need to start exporting American Goods and not jobs. There is a serious legislative effort to give manufacturers and businesses the courage they need to compete in the Global Economy. Then make it in America Manufacturing act would help build partnerships in our states and regions to ensure they are getting the target resources they need to retrain workers and campy in the marketplace of the 21st century. And compete in the marketplace of the 21st century. It will help businesses and communities and support american workers. We need to make sure companies have incentives to grade jobs in the United States rather than moving them to other countries as our current tax code provides. That is why we support the ring jobs home act bring jobs home act. It will end tax breaks for companies that send jobs overseas and create incentives to keep jobs in the United States. Many continue to struggle in this economic kirby. We need to rebuild the housing sector and ensuring that we have the roads, bridges, schools that will make american businesses more competitive and allow communities to thrive. These are the priorities that are not reflected in the budget that we have before us today. They are sensible and urgent priorities that ca democrats wil continue to fight for. I yield back the balance of my time. Two minutes to the representative from new mexico. I thank my colleagues from new jersey and rhode island. Im concerned about this impact on jobs. It is both arbitrary and harmful to middleclass families, disabled, and seniors. This is a plan to austerity and not to prosperity. It will flush Economic Growth and costs jobs. The writing budget will result in 2 million fewer american jobs in 2014 a loan. This is on top of the 750,000 jobs we will lose in 2014 alone. This is on top of the 750,000 jobs we will lose in the sequester. The bureau of labor statistics study says the Health Sector will be a leader in job growth throughout the rest of this decade. The Health Sector will create 4. 3 million jobs by 2020. 30 increase while the rest of the economy creates jobs at 13 rate. Simply put, Healthcare Services and deliveries is where jobs are. Unfortunately, republicans in this congress will put job growth in jeopardy. The policy priorities estimates that the ryan budget will cut 2. 5 trillion from health care by 2023. It does a by turning medicare into a voucher program. This forces Health Care Providers to jobs and reduce services or their patients. With an aging population, we can be investing in Critical