Let me tell you, this budget does not raise taxes. The independent, nonpartisan groups outside of this body say that. Listen to them. They certainly would come at this in an objective manner. What this budget does do is it sticks to the principles that the Blue Dogs have laid out. It adheres strictly to the PAYGO principle, a principle that helped us get the Federal Government budget back in balance in the nineties that this Congress in 2002 allowed to expire, the PAYGO principle. This budget also provides for a fully offset AMT fix, fully offset. What does that mean? It's paid for. You either find spending cuts or other revenue sources to do it. This budget also provides for adequate defense funding. One of the things that we said is let's not have the debate in this budget about the war. We know what the policy is now of this administration; let's provide the funds for our troops overseas and not have that debate here. This budget does that. And most importantly, it provides a glide path for balance, gets this Nation's fiscal issues back into balance by 2012.
Editor's note · Context
Discussing the budget and its adherence to fiscal principles during a House committee meeting.
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