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Public Statements

Concurrent Resolution on the Budget for Fiscal Year 2013

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. PASCRELL. Madam Chair, just when you thought it couldn't get any worse, it does. I've listened to these words. ``Empty'' and ``pyrrhic'' come to my mind. How in God's name can you speak across the floor to the people on this side and imply that the President is guilty of thievery or theft when, from 2001 to now, here's the record--and I'll wait if you want to interject. Please stand and say ``you're wrong'': 2001, tax cuts, not paid for; 2003, tax cuts, not paid for.

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Mr. PASCRELL. No, not yet. I'm not finished. Then you can interject your thoughts. Don't look so startled, because what you've said is startling. You didn't pay for those two tax cuts, you didn't pay for two wars, and you didn't pay for the prescription drug plan that you put into effect. In fact, you didn't even vote for it, Mr. Chairman, yourself.

The point of the matter is, you pay for nothing, then you're accusing us--you're accusing those on this side of the aisle of not being responsible? Do you know what you've done? By 2020, the portion of the debt gets bigger because of those things you folks did a few years ago, and you have amnesia about it.

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Mr. PASCRELL. Madam Chairman, I take back my time. I think I've been generous about that.

The only difference is, the President who was the President in 2001--I'm glad you agree with me--came into circumstances very different from the President who raised his hand in January of 2009, wasn't it? In 2000, we had a surplus of $5 trillion.

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Mr. PASCRELL. When this President raised his hand, we were losing 750,000 jobs a year, number one; and, number two, we had a deficit beyond belief, Madam Chairman. And for us to compare, you must believe in fairy tales.

Now, if you want to talk about a budget that's in balance, we can do that; but if we continue on this path and not recognize history, we will never come to balance. Let's be honest.

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