Mark Neumann: “I just keep coming back to this chart and I just keep thinking of these promises. This is where the deficit was going to…”

“I just keep coming back to this chart and I just keep thinking of these promises. This is where the deficit was going to get to zero in 1991, the Gramm-Rudman-Hollings promise of 1985 and this is what actually happened. The deficits exploded. Then they made a new series of promises to the American people. Again the deficits exploded. The past is not a very good track record of keeping their commitment to the American people. So in 1993 what happened, biggest tax increase in American history. I think it is real important to point out that that tax increase passed in the House of Representatives by a single, solitary vote. Lots of people in this community knew that raising taxes, taking more money out of the pockets of the American people was not the right way to deal with this problem. It went over to the Senate and in the Senate that 1993 tax increase passed by a single, solitary vote again, and we got the biggest tax increase in American history as their plan as to how we could get this under control.”