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[3:39] ..." to middle income families we showed a twenty million households from the Alternative Minimum Tax. We also support renewal and extension of the middle income tax cuts such as a child tax credit. The -- literally provisions"...
[0:00]" Congressman John spratt of South Carolina chairman of the House Budget Committee. Americans are calling for a new direction and Democrats in congress are delivering. This week we passed a plan to balance the budget by 32. President Bush took office seven years ago. We present him an advantage since few presence of ever enjoyed. A budget in surplus by 236 billion dollars. His economists looked down ten years and saw nothing but serve princes five point six trillion dollars in home. Democrats warn against betting the budget on Bruce got four kids. President Bush insisted we could have -- all grunge about learned tax cuts -- and nevermind the death since we would actually pay down the debt. Or by 2003 the surplus -- go home but 2004 and was replaced by record deficit 413 billion dollars. One of the policies of the Bush Administration national debt has exploded growing by 80%. From five point seven trillion dollars in 2001 to ten trillion dollars in 2000 and none. Face to face grim facts what does the president's budget for nature proposed morally assigned a mountain of debt. The budget the Democrats pass this week chart new course in restrain spending six Loroupe Asia ago. But supports investments and energy education and infrastructure. In a return to budget to balance and 32 with a surplus of 22 billion dollars. We use some of that and subsequent Serb forces also 340 billion dollars in tax reduction -- middle income Americans. A budget begins by undoing the damage done by the president's budget to services that people depend upon take Medicare and Medicaid for example. The president wants to cut Medicare by 407 and nine billion dollars over ten years. And Medicaid -- in 94 million. We reject those cuts and broaden the current health insurance program to reach millions of children who were overthrown but not yet general. Over the next five years the president wants imposed more than eighteen billion dollars in new freeze -- military carries a veteran. We reject those police and they're nearly five billion dollars in new funding -- VA health care system in 2000 non along. The president even -- education training and employment not only and they share before five years by 33 billion dollars. A budget projects to present because and in particular is elimination of 47 educational program. We instead making significant increases in education training an improvement services. But his -- investment not just an education but in research and development and science and innovation. Including for example more for the National Institutes of Health which are present actually cuts and the National Science Foundation we want the United States remained the leader. Global leader in science and no relation. This country faces an energy deficit to as well as the budget deficit. Read the present budget if you found little to address is skyrocketing energy caused. Or renewable energy -- clean pure technology hope consolation efficiency. What you will -- our heaviest on home energy assistance for low income families who won program that helps families heat their homes and -- and cool women some. The president goes deeply end of that program we raise funds well above his records. As for funding of alternative fuel true -- and other major initiatives budget provides."
[3:34]" Seven point seven billion dollars. As I mentioned earlier in the budget agreement extends tax relief to middle income families we showed a twenty million households from the Alternative Minimum Tax. We also support renewal and extension of the middle income tax cuts such as a child tax credit. The -- literally provisions and the timber cent tax bracket. Nolan -- realm of national security. We matchup presents requests but we call for better stewardship and new priorities including more. To stop the spread of nuclear weapons -- materials which might be the most menacing threat we face. We actually do more than the present to safeguard the homeland and internal security because we reverse his misguided cuts and local law enforcement. And info for firefighters and other first for -- bush. The federal budget is like a battleship -- of course would cows stared to balance overnight. But we are moving in in that direction applying fiscal discipline but not that expensive by isn't priorities that we as Democrats hold dear. I'm congressman John -- once again glistening"











