Paul Ryan: “We have a budget that promises to balance by 2012. It does so with many promises for future spending, and it promises to…”

“We have a budget that promises to balance by 2012. It does so with many promises for future spending, and it promises to hit American taxpayers with the largest tax increase in American history. Now, we are told not to be concerned about that. As someone with young children who would like to be out of the poorhouse when I retire, I worry about that greatly. I worry about that greatly, the economic opportunities that they will have in the future. So when I see that it is being defended, the largest tax increase in human history is being defended because there are promises contained within the budget that, no, we do not mean this, we will only raise certain of your taxes, that still provides me very cold comfort indeed.”