Pat Ryan actually said...

"But tax increases affect economic vitality and affect behavior and growth."

"Which is the long-term trajectory."

"Making a multi-year commitment to the principles embodied in the President's Budget will reduce the risk of future crises."

"Agreed. So, last month, Moody's gave us a--they laid out a debt trajectory in which the U.S. Could face a credit rating downgrade by mid-decade."