Clearly it's not deficit neutral. Clearly, it does add to the deficit, which is why I said that it's not completely satisfactory. So Mr. Ryan, as ranking member and incoming chairman of the Budget Committee, has indicated what his intentions are. But, you know, I do find it ironic that there is this newfound robust interest on the other side of the aisle as it relates to deficit reduction, notwithstanding the CBO's, OMB's, and everybody else's numbers that the national debt will triple in 10 years based on the current majority. So I've said my piece, but I think it's very clear that what we need to avoid, Mr. Chair, at all costs, is raising taxes and putting this economy into a spiral out of which real, real difficulties come.
Peter Roskam: “Clearly it's not deficit neutral. Clearly, it does add to the deficit, which is why I said that it's not completely…”
On the recordDecember 16, 2010
Editor's note · Context
Roskam discusses concerns about deficit spending and the implications of tax increases on the economy.
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