Paul Ryan: “Instead of spending over the next 5 years $14.976 trillion, our budget proposes $14.928 trillion over the next 5 years.…”

“Instead of spending over the next 5 years $14.976 trillion, our budget proposes $14.928 trillion over the next 5 years. Instead of growing entitlement spending at 4.7 percent a year, we will grow it at 4.1 percent a year. What do we accomplish with this? What do we do with that? We balance the budget without raising taxes. We stop the raid on the Social Security trust fund and we pay down debt. That is what we accomplish with our budget. What do the Democrats accomplish? No matter how they spin it, no matter how they duck it, no matter how they hide, they are raising taxes. Don't ask me. Just look at The Washington Post that said: 'And while the House Democrats say they want to preserve key parts of Bush's signature tax cuts, they project a surplus by 2012 only by assuming that all of these tax cuts go away.' Meet the new Democrat majority, Mr. Chairman, the same as the old Democrat majority. And the last time they had the majority in 1993, what did they do? They passed the largest tax increase in American history, $241 billion. Now, 3 rac{1}{2} months into the new majority, what are they planning to do? Passing the largest tax increase in American history, about $400 billion.”