[Congressional Record Volume 150, Number 88 (Wednesday, June 23, 2004)]
[House]
[Pages H4767-H4768]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SPENDING RESTRAINT
(Mr. RYUN of Kansas asked and was given permission to address the
House for 1 minute and to revise and extend his remarks.)
Mr. RYUN of Kansas. Mr. Speaker, $164 billion of new Federal spending
took place between 2001 and 2003, unrelated to defense and the events
of 9/11. We are borrowing to spend, and we need to bring spending under
control or we put future generations, our children
[[Page H4768]]
and grandchildren, at risk with no hope of paying off this debt. We
demonstrated that in 1998 with the balanced budget showing fiscal
responsibility, but years of surpluses has sparked a spending spree
that does not stop when the money runs out.
Alan Greenspan warned Congress that we must restrain spending. He
said this last summer: ``I would like to see the restoration of PAYGO
and discretionary caps which essentially will restrain the expanse of
the deficit and indeed ultimately contain it.''
I urge my colleagues to heed Greenspan's remarks and to have the
opportunity to reign in spending and update the budget process.
____________________