House Supports Budget that Balances

Washington, D.C. – Congressman Tom Cole (OK-04) released the following statement after the House passed the Republican budget blueprint for fiscal year 2015 by a vote of 219-205. This plan presented by the House Budget Committee and Chairman Paul Ryan would cut $5.1 trillion in spending, repeal Obamacare and balance the budget in 10 years.

"Over the last four consecutive years, House Republicans have the led the way in finding long-term solutions that would actually deal with our massive debt and improve our economic outlook," said Cole. "This year, I'm proud that we again identified reforms that would change our debt trajectory, grow the economy and create jobs. Most importantly, the Republican budget would achieve balance in 10 years. Neither the Administration nor the Democratic Senate has introduced legislation that would balance the budget in 10 years, 20 years or ever for that matter.

"While there is still room for reform, the Republican budget should encourage lawmakers on both sides of the aisle and the Administration to acknowledge that our financial problems are very real and must be addressed. With more than $17 trillion in debt, it is critical that we work together in order to provide hope of a better future for our children and grandchildren."

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