[Congressional Record Volume 151, Number 84 (Wednesday, June 22, 2005)]
[House]
[Pages H4903-H4904]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                             TRADE DEFICIT

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Mrs. MALONEY. Mr. Speaker, this Republican Congress may go down in 
history as the most fiscally irresponsible Congress in the history of 
this country. Our record budget deficit, our record debt, we have over 
$7.8 trillion in debt, and each citizen's share is over $26,000. Last 
week we learned that our trade deficit set a new record, over $195 
billion in the first 3 months of this

[[Page H4904]]

year. That is 6.4 percent of GDP on an annual basis, the largest trade 
deficit in the history of our country.
  This Congress is not just raising the debt ceiling, and we have 
raised this debt ceiling three times recently, this Congress is 
shooting the Moon. It is totally out of control. And these 
irresponsible, wanton budget policies will be borne by our children and 
our grandchildren. Is that the legacy we want to leave?

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