Bill Pascrell actually said...

We have only escaped fiscal calamity by the skin of our teeth, listening to all of our great speakers here today.

Without the Bush tax cuts and the Trump tax cuts, revenues today would be on track to keep up with spending indefinitely.

Our Treasury debt has long been the world's safest asset, historically, but default extortion has lowered credit ratings.

The deficit fell by a record $1.7 trillion during President Biden's first 2 years.