just about an hour before the Committee on Rules meeting, the Democratic side got one copy of the budget, so it is impossible to coherently discuss the budget. That is why this process is unfair. Let us discuss the best way we can where we are and where we are going. This chart shows the deficit over the years showing Johnson, Nixon, Ford, Carter, Reagan. We went into a surplus under Clinton, and in 1 year under the Bush administration we are back into serious deficits. This does not include the war, so if Members actually wrote the amended numbers, it would be off the chart. Let us see how we got in that mess. That is because we passed all these tax cuts. Who got them? The bottom 20 percent, 20 percent, the top 20 percent got the lion's share of the tax cuts. They call it a growth package. Give me a break. Private sector jobs created since World War II, we go over, administration by administration, the worst job creation since World War II, the worst economic growth in an administration, the worst economic growth since World War II. Do not tell me this is a growth package. This has implications, because when we run up all that debt, we have to pay interest on the national debt. We are paying about $4,500 a year for a family of four's proportionate share, $4,500 interest on the national debt. That is going to go, under this budget, up to $8,500 each and every year, interest on the national debt.
Editor's note · Context
Discussing the budget and tax cuts during a Committee on Rules meeting.
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