OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Washington Republicans Can't Ignore Fact that They Created Records-Setting Deficits

Date: June 28, 2006
Location: Washington, DC
Issues: Defense Government Budget and Spending


WASHINGTON REPUBLICANS CAN'T IGNORE FACT THAT THEY CREATED RECORD-SETTING DEFICITS

Mr. CLEAVER. Mr. Speaker, I am a Democrat, and I am glad about it. The reason for this joy is over the fact that the party to which I belong is pushing back against this Republican-led Congress and their out-of-control spending. Let us take a look at the facts. President Bush and congressional Republicans have turned a $5.6 trillion surplus into a $4 trillion deficit, a change of $9 trillion.

This is the most fiscally irresponsible American administration. We owe China almost $150 billion. My hope is that we never have to go to war with them because I don't believe they are going to finance it.

Secondly, it is absolutely unacceptable that the United States is borrowing almost all the money they are using to fight in Iraq and Afghanistan.

http://thomas.loc.gov

arrow_upward