Tim Ryan: “You know, obviously there have been situations decades ago where, you know, everyone was spending too much money. And…”

“You know, obviously there have been situations decades ago where, you know, everyone was spending too much money. And for us to put in the PAYGO rules that say you've got to pay for every dime you spend one way or the other I think is a significant step in the right direction. Nobody here wants to continue what has happened over the last 6 years. And when you look at what's happened, over $3 trillion in debt has been borrowed from China, Japan and OPEC countries. Our friends on the other side, when they were in charge, raised the debt limit five times in order to go out and borrow more money. And we see the situation that we're in now. So we're trying to, slowly but surely, rein all of this in and make very strategic investments. And I would say, Mr. Speaker, that you can go to the Web sites for the Speaker and our caucus and what we're doing. We're making investments into alternative energy, research and development, so we can open up new sectors of the economy. We're making investments in education, saving the average family who takes out loans and utilizes the Pell Grants $4,400 over the course of that loan. That's a middle-class tax cut. What we're going to do with the AMT, the alternative minimum tax, we're going to prevent 23 million people from getting a tax increase next year. And that's a middle-class tax cut. These are people making $50,000 to $75,000 a year. We're going to prevent that from happening. Significant steps in criminal justice. Cops on the beat.…”