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Tim Ryan: We do not really have to look that far to the 1993 operation that we had here and the Democrats who obviously were not…

On the recordJuly 25, 2006
We do not really have to look that far to the 1993 operation that we had here and the Democrats who obviously were not perfect, but we knew how to balance budgets. We knew how to implement the PAYGO rules so that we were not borrowing money. We actually were going to pay down the debt and begin generating surpluses in the United States of America. Can you imagine now, since the Republicans have raised the debt limit five times, harking back to a day when we actually had surplus money and we were on track to actually pay off the national debt in the United States of America? Actually pay it off? {time} 2350 That is what we need to get back to. And it is not that difficult if you are disciplined and you are willing to say no. This is like giving candy to a baby, and then the baby wants more candy, and they keep giving it to them. That is the oil industry. That is the top 1 percent. And really, quite frankly, I am even starting to meet people in my district who are in the top 1 percent who are saying I don't want any more tax cuts. I am doing fine. I have a Hummer, I have this, I have a nice house, I have Italian marble flown in, I am doing okay. But kids 2 miles away, on the other side of town, aren't doing well. Their parents are trying to work for minimum wage, a single mom with one child is living in poverty with that kid by working a minimum wage job. It is unacceptable.…
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Tim Ryan
Democratic · Ohio

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