On the recordJuly 24, 2007
I have noticed the signs that talk about the truth needing to be told regarding the majority's budget that was passed, the claim that while there is no tax increase in that budget, and technically that is true... the effect of that budget... will be increased taxes. Why do I say that? Well, because the majority has been very vocal throughout the last year... that by golly, one of the things we need to do is get our spending under control, get this deficit problem under control. Well, Mr. Chairman, the problem is not taxes at this point. The problem today, though, is the spending, because if the spending continues at the rate we are going... either we have to increase deficit spending or we have to increase taxes to pay for it. I would just point out that about $1 in $5 for the budget last year was deficit spending, so how does the majority intend to avoid deficit spending at the same rate that they criticized last year?
Source
govinfo.gov
