[Congressional Record Volume 149, Number 40 (Wednesday, March 12, 2003)]
[House]
[Page H1753]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             THE INADEQUACY OF THE ADMINISTRATION'S BUDGET

  (Mr. MORAN of Virginia asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. MORAN of Virginia. Mr. Speaker, as we speak, the House Committee 
on the Budget is marking up a budget resolution for this coming fiscal 
year. President Bush has proposed a budget that is $304 billion in 
deficit, the biggest deficit ever submitted. And do you know, there is 
not one dime in that budget for waging war with Iraq, let alone any of 
the reconstruction costs that are necessary.
  If you look out for the next 10 years, President Bush is suggesting 
that we should accumulate deficits of over $5 trillion. Halfway through 
this next decade in 2008, the baby boom generation starts to retire, 
thereby doubling the number of people dependent upon Social Security 
and Medicare. Yet all of this $5 trillion in deficit is going to have 
to be borrowed from the Social Security and Medicare trust funds, and 
there is not one dime for Iraq or for any of the other domestic 
priorities.
  Think about the fact that this budget means that Veterans 
Administration hospitals will be able to treat 168,000 fewer veterans, 
that we will have to eliminate education for homeless children and 
after-school care.
  Take a look at this budget and cry.

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