Now, four months into the new Congress, Republican majorities in the House and Senate worked together to pass the first joint 10-year balanced budget in 14 years.
For decades, Democrats in Congress have insisted their support for large spending reforms would only come in exchange for large tax increases. Yesterday, however, the president signed bipartisan legislation that would strengthen Medicare, put the program on a sounder financial footing, and achieve real, long-term savings for taxpayers.

WASHINGTON, DC – House Speaker John Boehner (R-OH) today issued the following statement after Senate passage of H.R. 2, a bipartisan bill to strengthen Medicare and fix its payment formula for doctors:

Something big happened recently. You might even say it was something titanic. The House of Representatives passed real entitlement reform.

To hear President Obama tell it, if workers and families just give more of their money to the federal government to spend, bureaucrats and politicians will be able to make “investments” and improve the future. Trains will run faster and college will be free. The only thing standing in the way of utopia, the president says, is Republicans.

This week, President Obama dropped a bomb of a budget proposal, one that calls for more taxes, more spending and more government bureaucracy. It never balances – ever – and would lead to an explosion of America’s national debt to record levels.

Today, Medicare and Social Security are still scheduled to go bankrupt and the national debt stands at $17.8 trillion, an increase of $7.2 trillion under President Obama – who has still not proposed a credible plan to balance the budget, despite admitting in 2011 that “all this rising debt will cost us jobs and damage our economy.”

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