Skyrocketing National Deficit

Floor Speech

Skyrocketing National Deficit

Mr. FLEMING. Mr. Speaker, the President has claimed that his policies are going to reduce the skyrocketing national deficit, but I would like to spend just a moment to debunk this myth.

Rather than reducing the deficit, the President's budget calls for a $9 trillion deficit over the next 10 years, 6 trillion higher than the CBO predicted just in January when he took office. Even according to the White House, the national debt will more than double in 10 years. The President's own numbers showed that the national debt will be 107 percent of GDP by 2019.

In the month of August, there were 14.92 million unemployed individuals looking for work, the highest number in history. Since February, when the Democrats passed their stimulus, 2.46 million people have lost their jobs.

And while the President promised that billions of dollars would go into shovel-ready construction projects that would help rebuild infrastructure and employ hundreds of thousands, transportation spending from the stimulus has only trickled out at a snail's pace.

Given this administration's track record, why wouldn't the American people be skeptical about $1.6 trillion for health care reform?

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