Jack Kingston: “I am glad to be here, and I am glad that the Democrats are interested in fiscal discipline. That is a good thing. It is…”

“I am glad to be here, and I am glad that the Democrats are interested in fiscal discipline. That is a good thing. It is a good bipartisan debate. But there are three flaws in the Democrat PAYGO approach that I think are very important. Number one, this tax issue that just won't go away. You know, based on scoring and based on reality and based on fact, when Kennedy cut taxes, when Reagan cut taxes and when Bush cut taxes, revenues went up. Now we all know that scoring in this town counts a tax cut as a spending increase. How silly in the face of economic reality over the past 40 years. Maybe the Democrat Party could look at scoring and change that. I think that is something we were unable to do as the majority. It would be a good idea for you to pursue it. But you and I both know that revenues went up in 2005 14 percent, in 2006 11 percent, and it was because of the economic growth brought about by the 2003 Bush tax cuts. PAYGO ignores that. How silly. How disingenuous. Number two, I want to talk about entitlement reform.”