John Spratt
John Spratt
John McKee Spratt, Jr.is an American politician who was the U.S. Representative for South Carolina's 5th congressional district from 1983 to 2011. He is a member of the Democratic Party. Spratt was the dean of the South Carolina congressional delegation, chairman of the U.S. House Committee on the Budget, and the second ranking Democrat on the U.S. House Committee on Armed Services, where he served on three subcommittees: Oversight and Investigations, Strategic Forces, and Air and Land Forces. In addition...
NationalityAmerican
ProfessionPolitician
Date of Birth1 November 1942
CountryUnited States of America
I am not disputing the need for this money. What I am disputing and calling attention to is the fact that we are taking the tab for defense in our time against terrorists in the Middle East and elsewhere and shoving this tab off onto our children.
tax cuts so large they left no room for error.
It's daunting to consider where we were five years ago, as we sat here on a surplus of $236 billion.
This war so far has cost us $125 billion and counting, because largely we decided to do it on our own, with only the United Kingdom as a paying, fully participating partner.
Even after the economy is back on its feet and grows -- upon their assumption of the rate of 3.2 percent a year -- even then, we still have a negative bottom line after you back out Social Security and Medicare, as we think he should,
What we are effectively doing, I say this to the young people of America whom my colleagues represent, is leaving our children and grandchildren the tab for fighting a war, letting them pay for the lion's share of it by simply adding it to the national debt.
could easily add $50 to $100 billion more.
It would put us on a path to endless deficits and a Mount Everest of mountainous debt,
They agreed on one thing for sure, that the gravest threat facing the United States is that of terrorists armed with nuclear weapons.
These additional tax cuts can only have one affect; they will add dollar to dollar to the deficit which (is) already enormous, $521 billion this year,
This budget is not going to put us on a path to balancing the budget. Not in five years, not in 10 years, not in 20 years. It would put us on a path to endless deficits and a Mount Everest of mountainous debt.
Once we got the budget today, we found out why it was so long coming,
any kind of significant downturn in the economy is going to put the budget back in the red.
Your tax cut gets bigger and bigger as time goes on and it takes huge cuts out of all of these accounts, including defense.