Tim Ryan: “And the Democrats time and time again have tried to put provisions in place that we call PAYGO to try to limit the…”

“And the Democrats time and time again have tried to put provisions in place that we call PAYGO to try to limit the spending of the Republican Congress. They run away. They spend. They charge on the credit card. Many, many instances over the past few years. Mr. Stenholm from Texas tried to put provisions in as we were raising, as the Republicans were raising the debt limit. He tried to put these PAYGO provisions in saying if you spend any more money, saying you have either got to raise taxes for somebody to pay for it or cut a program so we can balance the budget. Representative Moore from Kansas tried to put this provision in through an amendment to try to limit the spending. We have Members on the Democratic side who time and time again have tried to limit spending in the Congress so we do not keep borrowing from the Chinese, so we do not keep borrowing from the Japanese, the Arab countries who we are also buying our oil from, oil- producing countries. We are trying to limit spending, but it is the Republican side who continue, Madam Speaker, time and time again to waste our money. The tax money that comes into this country time and time again goes out as corporate welfare for the oil companies, corporate welfare for the HMOs and the health care industry, time and time again. And I want to share with the Members, Madam Speaker, a chart here that is based on the 2007 budget of how much interest, net interest, we are going to pay on the national debt.…”