Dennis Moore: “today with this budget resolution the majority party, the Democratic Party, takes an important step towards restoring…”

“today with this budget resolution the majority party, the Democratic Party, takes an important step towards restoring fiscal discipline as a priority of our government, something the Blue Dogs in Congress have advocated for years. When the administration took office in 2001, it inherited a projected surplus of $5.6 trillion. Within 2 years, the surplus was gone; and, since 2001, $3 trillion in new debt, to my friends here, $3 trillion in new debt was added to our country's bottom line. Because of the previous majority's lack of fiscal discipline, our gross national debt now stands at over $8.8 trillion. They talk about tax cuts, and they are just not providing accurate information at all. It is not true information. They say that our budget proposes tax increases, which simply is not true. They wrote the tax cuts back in 2001 that were implemented in 2001, and they were to last for 10 years, and they still will be going until 2010. The Democrats are not doing a thing in their budget to raise taxes, not one single thing, to the contrary of what our friends across the aisle are saying. In fact, our friends across the aisle have added $3 trillion of debt to our country, to our children and grandchildren. That is the way you paid for the tax cuts, was by adding $3 trillion of debt.”