CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2010 -- (House of Representatives - April 01, 2009)
BREAK IN TRANSCRIPT
Mr. PENCE. I rise in opposition to the Democratic budget.
The budget, brought by the majority to this floor in this debate, spends too much, taxes too much, and borrows too much, and the American people know it. The Democrat budget will double the national debt in 5 years, triple it in 10, and the numbers tell the tale. 2010 spending, $3 trillion, 25 percent of GDP, more than $1 trillion in tax increases. The 2010 deficit, $1 trillion, and estimates suggests deficits nearly $1 trillion for the next 10 years.
The truth is, Madam Chairman, the Democrat majority has brought to this floor the most fiscally irresponsible budget in American history. During debates like this we hear a lot about the numbers, but this isn't just about the numbers. The truth is, it's not about dollars and cents. It's about the American dream, and it's about our kids. It's about small business owners, working families, and family farmers that are dreading the idea of facing higher taxes, higher marginal rates, a national energy tax. And it's about our children and our children's children who may not yet understand what they have to fear and a mountain range of debt.
Let us not do this. Every American family, every American business is answering these challenging times with sacrifice and frugality. This Congress should do no different. Let us reject this Democrat budget. Let us embrace fiscal discipline and reform and growth in the form of the Republican alternative.
BREAK IN TRANSCRIPT