John Spratt: “I yield myself 5 minutes and 15 seconds. Mr. Speaker, basically, the budget before us is the President's budget sent to…”

“I yield myself 5 minutes and 15 seconds. Mr. Speaker, basically, the budget before us is the President's budget sent to us a couple of months ago, subject to a few puts and takes. Unfortunately, neither the President nor the Republicans in the House nor the Republicans in the Senate have done what was done for years in good budget practice, and that is run their numbers out for 10 years. They simply give us a 5-year display of their numbers and that conveniently avoids showing the effect, the enormous effect, on the budget of having the renewal of the tax cuts after the year 2010. But if Members want to see basically where this budget will take us, they can look in CBO's analysis done in the early part of March required by law of the President's budget because it basically is the same as the President's budget. They do not have to read past Page 2 in this analysis of the President's budget. And when they do, they will see that if we follow the path that the President is proposing, we will add $5.135 trillion to the national debt to the United States between now and 2015, over the next 10 years.…”