[Congressional Record Volume 150, Number 70 (Tuesday, May 18, 2004)]
[House]
[Page H3098]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                THE BUDGET DEFICIT AND THE NEXT ELECTION

  (Mr. McDERMOTT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. McDERMOTT. Mr. Speaker, my remarks are 1 minute long. During this 
minute, the economic policies put into place by the President and 
Republican leaders will force America to spend almost $1 million more 
than it takes in. That is right. We are free-spending $1 million a 
minute we do not have.
  This President has created the worst budget deficit in history and 
the worst economic climate since the Depression. The administration 
keeps rewarding its friends with seven-figure incomes. They are doing 
it by mortgaging America's future.
  There is a payment coming due this November, and America has saved 
up. It is called an election. Soon a new President and Democratic 
leadership will restore fiscal sanity to this house of cards. It is not 
soon enough to send George Bush back to Crawford, Texas.

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