Paul Ryan: “What if these surpluses never materialize? What if the money does not come? We have to do everything to assure that it…”

“What if these surpluses never materialize? What if the money does not come? We have to do everything to assure that it does materialize. But by creating 120 new government programs in Washington, that can become and will become tomorrow's tax increases above and beyond the $176 billion of tax increases in the President's current budget. That becomes tomorrow's debt increases. One thing that is very important that we need to keep in mind as we look at these budgets is we need these surpluses to materialize so we can pay off these obligations, so we can get ready for the baby boom generation on Social Security, so the money is there in the Trust Fund to pay out benefits when the baby boomers begin to retire, when younger generations begin to retire. The best thing that we can do to assure strong economic growth which gives us more jobs, produces more taxpayers paying more taxes, giving us the surpluses that they are projecting is to reduce the burden of taxation on the working families of Wisconsin, Colorado, New York, South Dakota, and Illinois.”