Statement of Rep. Henry A. Waxman before the Budget Committee

"Today’s hearing will contrast two different visions of America. The Republicans will argue that government regulations are bad for the economy and that public investments harm free enterprise.

Democrats have a more optimistic vision. We believe that the economy works best when the government establishes the rules of the road, adopting sensible standards that protect the middle class, promote competition, and prevent corporate abuses. We believe that public investments in our country’s future pay off. We believe that educating tomorrow’s workers and supporting entrepreneurs and new industries will grow our economy faster and better.

And we think history has repeatedly proven our vision is the right one for America..."