[Congressional Record Volume 151, Number 152 (Wednesday, November 16, 2005)]
[House]
[Page H10234]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
[[Page H10234]]
DEFICIT REDUCTION ACT
(Mr. PENCE asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. PENCE. Mr. Speaker, in the aftermath of the worst natural
disaster in American history, Congress responded with generosity and
more than $60 billion in 6 days. But this week, thanks to the
leadership of President George W. Bush and Speaker Dennis Hastert,
Congress is going to figure out how to pay for it.
In the Deficit Reduction Act, this Congress will achieve more than
$50 billion in savings in the next 5 year to offset the extraordinary
cost of Hurricane Katrina. But there is still work to be done.
This legislation is an important first step toward restoring fiscal
discipline, but it is just that: it is a first step. With an $8
trillion national debt and with more spending on Hurricane Katrina
awaiting around the corner, it is imperative that we pass the Deficit
Reduction Act, move on to an across-the-board cut in this year's
budget, and reopen the highway bill and rescind earmarks that are
anathema to the American people.
It is written that if the trumpet does not sound a clear call, who
will get ready for battle? The Deficit Reduction Act is a clear call to
begin the process of putting our fiscal house in order, and I urge all
of my colleagues, Republican and Democrat, to support it.
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