John Spratt: “Mr. Chairman, we have been treated to a show tonight featuring a one-trick pony. Every Republican who has come to the…”

“Mr. Chairman, we have been treated to a show tonight featuring a one-trick pony. Every Republican who has come to the well of this Chamber has come with the same mantra, the same slogan, alleging wrongfully that our budget resolution would raise taxes. We have repeatedly explained why, only to have them keep coming to the floor basically on the belief if they say it often enough, maybe somebody will believe it. Here is one thing you can believe. There is no conjecture in this. These are matter of fact. As Casey used to say, you can look it up. You can look it up. There is the debt of the United States, $5.7 trillion before President Bush came to office. Here is the debt of the United States today, $8.8 trillion. That arithmetic is very simple and very straightforward. It's a $3.1 trillion increase of debt of United States on their watch. This isn't conjecture, this is a matter of record. I will just show you this chart one more time, because it shows that the revenue flows that we are projecting, based upon CBO's base-line certification of projection of revenues is essentially the same as the President is assuming in his budget from OMB, there is a 1.2 percent difference. This is the so-called biggest tax increase in American history.”