Tim Ryan: “I think the pay as you go is basic common sense. It is the same thing that people have to do at home. You get the…”

“I think the pay as you go is basic common sense. It is the same thing that people have to do at home. You get the checkbook out, you take in so much, you can only spend so much, or you have to end up borrowing money or putting it on your credit card, and we know that is definitely a downward spiral. But exactly what you were saying, I think the President signed it into law today, the Deficit Reduction Act, which is hysterical, because it actually increases the deficit. Now, our Republican friends are saying, well, it cuts $39 billion, the deficit by $39 billion, or there is $39 billion in cuts, but at the same time, they gave $70 billion, or close to it, in tax cuts that went primarily to people who make more than 4- or 5- or $600,000 a year. So it is very simple math to realize that, well, you may cut tell by 39, but if you are reducing your revenues by $70 billion, that there is still a deficit increase. And that is basically what happened. Now, you can check the rolls here as far as what Democrats have voted for. Time and time again, the Democrats have supported middle-class tax cuts. We have supported tax cuts for small businesses. We supported tax cuts and credits for college tuition. But I am not ashamed to say that we are going to ask Bill Gates and Warren Buffett to pay their fair share in taxes, because right now they are getting a free ride.…”