On the recordFebruary 2, 2012
I thank Mr. Hoyer. Reclaiming my time, with respect to the two bills that are the subject of this rule, we are going to have more time to debate them later. I would just say to my friend from Georgia (Mr. Woodall) that the American people would love to be able to wish away inflation. I just came from a hearing in the Budget Committee. I'm sure the Chairman of the Federal Reserve would love to be able to wish away inflation. What the gentleman is proposing is that we put together a budget that, unfortunately, would get more and more misleading over time, a baseline for our budget, because it would simply wish away inflation. With respect to the other bill, as some of my colleagues, including the gentleman from Florida (Mr. Hastings), have pointed out, what it does is create this mirage that somehow by providing tax breaks for folks at the very top, you're going to get the economy moving when in fact the most recent Congressional Budget Office analysis shows that at the end of the 10-year period, if you do that, because you add more to the deficit, you actually slow down economic growth. Unfortunately, the way they've got this framed, we don't get that analysis. Now, Mr.…





