John Spratt: “I rise to urge support amongst all Members, both sides of the aisle, for this motion to instruct conferees. What does…”

“I rise to urge support amongst all Members, both sides of the aisle, for this motion to instruct conferees. What does this motion do? It simply directs the conferees, who will be appointed today, to accept the pay-as-you-go provisions included in the Senate-passed budget resolution, which would make PAYGO applicable to both entitlement spending increases and tax decreases. It would make those steps on either side of the ledger deficit neutral in order to pass. Let us not forget that we have a deficit this year of $521 billion, and if you take the President's budget as projected by the Congressional Budget Office, the deficits over the next 10 years will accumulate to $5.132 trillion. That is why this motion is necessary. The Senate resolution creates a PAYGO point of order against any tax cut or any entitlement increase that adds to the deficit, the bottom line of the budget. That point of order can only be overridden by the vote of 60 Senators.”