[Congressional Record Volume 151, Number 95 (Thursday, July 14, 2005)]
[House]
[Page H5804]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         BUDGET DEFICIT SHRINKS

  (Mrs. BLACKBURN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BLACKBURN. Mr. Speaker, I am holding up today's Washington Post. 
There is an article here, ``Revenue Surge Shrinks the Deficit.'' Well, 
every day this week, I have come to the floor to talk about how tax 
reductions work and the growth that we are seeing in the economy.
  Over the past 25 months, we have seen an average of 146,000 jobs 
created each month. We have near historic lows in unemployment. The GDP 
has been revised upward, and we are going to see a deficit that is 
about $100 billion less than projected. It just goes to show, when you 
give about 92 million Americans a tax cut, good things happen. They 
keep more money in their pockets, and we see jobs growth, economic 
growth, and we also see the deficit shrink.

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