Tim Ryan: “This is the Congressional Budget Office. $128 billion surplus in 2001 due to the fiscal policies, the fiscal restraint…”

“This is the Congressional Budget Office. $128 billion surplus in 2001 due to the fiscal policies, the fiscal restraint, the fiscal discipline that the Democratic Party had at that point. But check out when Mr. Bush and the Republican House and the Republican Senate started getting in charge here, we have a $323 billion budget deficit going into 2006, and we are borrowing the money from foreign interests. We are borrowing the money to pay for these deficits from the Chinese, the Japanese, and the Saudi Arabians to plug this deficit hole. And we are trying, Democrats are trying, to say, why would you give $80 billion in tax cuts to the wealthiest people in the country when we are already running a $323 billion deficit in 2006, we already have borrowed $1 trillion from foreign interests in the last 4 years, more than any President has borrowed from foreign interests in the past 224 years?”