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Empowerment

Floor Speech

Date: March 9, 2010
Location: Washington, DC
Issues: Government Budget and Spending

Mr. NEUGEBAUER. Madam Speaker, in today's Wall Street Journal, Director of the Congressional Budget Office, Douglas Elmendorf, an appointee of Speaker Pelosi, stated, ``The U.S. Federal budget deficit is on a trajectory that poses significant economic risks.''

According to Mr. Elmendorf, ``the U.S. is entering unfamiliar territory in its level of public debt.'' In fact, a report by the CBO shows that the President's budget drives debt to an alarming 90 percent of our economy by 2020, making the U.S. public debt load one of the highest.

The Federal Government must rein in its spending, and it must cut costs, just as families and businesses all across the 19th Congressional District are doing.

We have two paths on which to set our compass. We can set our path towards empowerment or we can set our path towards entitlement. One offers opportunity and hope; the other offers uncertainties.

America deserves a choice that gets the budget and the economy back on a sustainable path.


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