Mr. Chair, I thank the gentleman for yielding. The State of Washington is cutting the working health care for the working poor? That's what we heard a minute ago. But wasn't it just an argument just a couple of months ago, Mr. Chair, that…
Mr. Chair, I thank the gentleman for yielding.
The State of Washington is cutting the working health care for the working poor? That's what we heard a minute ago. But wasn't it just an argument just a couple of months ago, Mr. Chair, that if this body took up the ObamaCare that basically the birds were going to be chirping and the sun was going to come out and the clouds were going to part and the economy was going to be fabulous and we were not going to have another health care problem again? But what happened? Running ramrod through this body ended up a job-killing health care bill, and now we're wringing our hands. It's amazing to me.
Back when I was in the Illinois General Assembly, Mr. Chair, I used to practice law, and there was one time when I filed a motion at a courthouse and I approached a judge, and he knew that I was a legislator. And with a twinkle in his eye, he said, Well, Mr. Roskam, let's see how you voted on the judicial pay raise, and he kind of
looked underneath his blotter. He was teasing me, and I quickly said, Well, Your Honor, I voted ``no'' but I hoped ``yes.'' He thought about that for a second and he said, Motion granted.
Now, I hope today there's a whole lot of show business going on here, because I hope today, Mr. Chair, what's happening is that there's a lot of people who say they're voting ``no'' that aren't really voting ``no.'' I mean, with due respect to my friend and colleague from the State of Illinois who acknowledged that there's insufficient funds, he thinks there's going to be insufficient funds, Mr. Chair, in the 112th Congress? Hey, look around, 111th Congress, there isn't sufficient funds.
This Congress and this leadership, Mr. Chair, has doubled our national debt in 5 years and, based on their own numbers, will triple that national debt in 10 years. So this is not a news flash that's coming in the 112th Congress. It's here today.
We had Debt Dependence Day here in the United States on August 4 of this year, which was the date at which every dime that went out from the Federal Government, Mr. Chair, was borrowed money. So let's not act as if this is a new issue. This is not a new issue.
Here's the issue that's before us: We're looking at a cataclysmic tax increase that has the potential to drive us and to push us to a tipping point and a spiral that goes further and further down.
Now, let me talk to friends on my side of the aisle who think a better deal is coming. Friends on my side of the aisle say, Oh, we're going to get a better deal. On January 5, we'll pass a bill. On January 6, somehow, miraculously, the Senate is going to pass it. On January 7, the President is going to remove all his objections. Even assuming, Mr. Chair, that that's true, let's think that through for a second.
Okay. So January 7, a new fabulous bill is signed into law. It's not until mid-February until the Internal Revenue Service can deal with that. It's not until mid-March when corporations and payers can deal with it. And so, again, at the best case scenario, you're looking at sucking the life out of this economy for 90 days. And what does that do to all of our constituents? That puts us in a downward trajectory that none of us want. Nobody wants that.
You know, I think one of the messages of November 2 is that we need to come together and work together. Yeah, there's things in this bill I don't like. There's things in this bill that I'm not pleased with, but I do know that at all costs we need to avoid a job-killing tax increase.
I would be happy to yield to the gentleman from Illinois.
Reclaiming my time, clearly it's not deficit neutral. Clearly, it does add to the deficit, which is why I said that it's not completely satisfactory. So Mr. Ryan, as ranking member and incoming chairman of the Budget Committee, has indicated what his intentions are.
But, you know, I do find it ironic that there is this newfound robust interest on the other side of the aisle as it relates to deficit reduction, notwithstanding the CBO's, OMB's, and everybody else's numbers that the national debt will triple in 10 years based on the current majority.
So I've said my piece, but I think it's very clear that what we need to avoid, Mr. Chair, at all costs, is raising taxes and putting this economy into a spiral out of which real, real difficulties come.