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Washington, D.C.  – Today, Congresswoman Virginia Foxx (R-NC) voted in favor of House Concurrent Resolution 96, the Republican “Path to Prosperity” budget sponsored by Rep. Paul Ryan.  Rep. Foxx delivered the following remarks as part of a floor speech in support of the legislation:

 “The CBO has warned that if we fail to address our lackluster economic growth and rising debt, our children and grandchildren are guaranteed a lower standard of living than what we currently enjoy.  For the first time in American history, we may bequeath to our children and grandchildren a less prosperous country with limited opportunities to pursue their American dream.  As a mother and a grandmother, I will do all that I can to keep that from happening. 

  “Over the next decade, the U.S. government will spend $5.8 trillion dollars servicing debt.  $5 trillion dollars, simply to make interest payments to our creditors!  Those dollars could be put to work at home strengthening our military, caring for our veterans, and improving the lives of all Americans – but instead it will go to pay for the inability of those who came before to responsibly manage the nation’s treasury. We need to stop spending money we don’t have.”

The legislation passed the House of Representatives on a 219 to 205 vote.

Congresswoman Virginia Foxx is currently in her fifth term as the Representative of North Carolina’s 5th Congressional District and is the elected Republican Conference Secretary. Dr. Foxx is the chair of the House Education & the Workforce Subcommittee on Higher Education and serves as Vice Chair of the House Rules Committee.

Video of Rep. Foxx’s remarks can be found here: https://www.youtube.com/watch?feature=player_embedded&v=0SFv_g7bQRM