James Davis: “One of the statistics that I think is beyond dispute here is the Federal debt now totals $7 trillion. And if you break…”

“One of the statistics that I think is beyond dispute here is the Federal debt now totals $7 trillion. And if you break that down by every person living in the United States, it is $24,000 a person. A few brave, moderate Republicans in the House stood for a central proposition that the American people expect us to live by, that is, Democrats, Republicans and Independents, and it is pay as you go. Do not cut taxes, do not spend, do not drive this massive Federal debt up further unless you can find a way to offset the tax cut or spending. Tonight, the Republican majority in this House entirely repudiates that proposition over the objections of independent-minded Republicans in the House and Senate. There will be no pay-as-you-go. Instead, we will be adopting an historic debt ceiling in excess of $7 trillion. How abysmal. What reckless fiscal responsibility. It is the Democrats standing on the floor of the House tonight fighting for fiscal responsibility. This is what taxpayers and citizens throughout the country expect. And I would urge the moderate Republicans in the U.S. House to reject this budget resolution. Join your comrades in the Senate and let us restore fiscal responsibility.”