[Congressional Record Volume 153, Number 49 (Wednesday, March 21, 2007)]
[House]
[Page H2749]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
THE DEMOCRATIC BUDGET
(Mr. ALTMIRE asked and was given permission to address the House for
1 minute.)
Mr. ALTMIRE. Madam Speaker, Democrats this week complete committee
work on a 2008 budget that finally moves us away from the fiscal
irresponsibility, reckless spending and record deficits of the past 6
years. When President Bush first came into office, America had just had
4 consecutive years of budget surplus, forecast to continue as far as
the eye can see. Now, 6 years later, Republicans have turned a
projected $5.5 trillion surplus into a $3 trillion deficit. They
borrowed more money from foreign nations in the past 6 years than we
had in the past 212 years combined.
Fortunately, Democrats have a new set of priorities, one that moves
America towards a balanced budget for the first time in 6 years.
____________________