CBO Reports Make Reforms Even More Urgent

Floor Speech

(Ms. FOXX asked and was given permission to address the House for 1 minute.)

Ms. FOXX. Madam Speaker, recent CBO estimates predict that regulatory changes created by ObamaCare will remove 2.3 million Americans from the full-time workforce. The President has gone to great lengths to spin this as a positive development, saying job losses will come as a result of people voluntarily choosing to pursue interests other than full-time work.

It is true that, all else being equal, individuals and families being able to make ends meet while working less is a cause for celebration. The problem is that all else is not equal. We have a social safety net that depends on robust economic growth and is already forecast to run perpetual deficits for decades to come. No one disputes that 2.2 million lost jobs will diminish economic growth.

For as long as I have been in Congress, Republicans have been working to enact structural reforms to put our budget back in balance. Last week's CBO report makes those reforms even more urgent.

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