Paul Ryan: “I want to go to the point that I mentioned a minute ago about who says what about what this budget does. Let me talk…”

“I want to go to the point that I mentioned a minute ago about who says what about what this budget does. Let me talk about the Congressional Budget Office. By law, that is what we use. Here is what the Congressional Budget Office says: The year 2010, all of these tax cuts expire. I think we all agree with that. All of these tax cuts expire in 2010. But we are talking about marriage penalty, per child tax credit, death tax, capital gains dividends, income tax rates across the board, they all go up. That is the red line. That red line shoots up because all of those taxes are increased. That is the line the Democrats are using to run their budget. That is the line the Democrats are using to finance their new spending. That's the line the Democrats are using to show that they get to a balanced budget. The green line, the dotted line, that is the CBO line that says here is what revenues will be if you extend the tax cuts. That's the line we are using in our budget. We are balancing the budget by controlling spending. So reserve fund, shmerve fund, that means nothing. What matters are the numbers. And the numbers, not by the Center For Budget and Policy Priorities, not by the Brookings Institution. The Congressional Budget Office. The Congressional Budget Office shows us very clearly, black and white in the numbers, in the numbers in your budget resolution.”