Paul Tonko: “So when you contrast that, that cut in jobs, the cuts that would be part of the Republican budget plan, adopted by this…”

“So when you contrast that, that cut in jobs, the cuts that would be part of the Republican budget plan, adopted by this House, would grow the deficit because if we're arguing that employment reduces the deficit, unemployment, in contrast to the American Jobs Act, would drive up the deficit. It's going back to the failed policies of the past. We've fought two wars that were never put on budget. We offered trillions in tax cuts that we couldn't afford, and we avoided talking about paying for the war. Did we think there wasn't going to be a crash? Did we think that that behavior wouldn't come with a price? Of course it had to extract a price from the American society, and it was the loss of 8.2 million jobs; it was the loss of as many as 800,000 jobs a month. It was about bringing America's economy to its knees and draining trillions of dollars from households that trusted that their investment with the private sector, with the financial industry was going to return them lucrative dividends. We saw the failure of those policies. Why would we go back down that road, which seems to be what the Republican plan, the Republican budget, is all about?”