[Congressional Record Volume 155, Number 44 (Thursday, March 12, 2009)]
[House]
[Page H3379]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          THE DEMOCRAT BUDGET

  (Ms. FOXX asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. FOXX. The Democrat budget spends too much, taxes too much, and 
borrows too much. Contrary to what Democrats say on this floor all the 
time, the government doesn't invest. It spends. It spends money it 
takes from American citizens, to whom the money belongs.
  Here's a look at the increase in government spending the Democrats 
want to impose on the backs of American families. The budget increases 
spending to $3.9 trillion in 2009, or 27 percent of GDP, the highest 
level since World War II. This is simply too much spending and will 
lead to higher taxes, slower economic growth, and fewer jobs for 
middle-class families.
  Despite their claims, the Democrats' budget promises historically 
high deficits stretching out to 2019, when the budget deficit will 
stand at $712 billion. The Democrats' budget would produce a $1.75 
trillion deficit, or 12.3 percent of GDP in 2009. This deficit level is 
more than three times the previous record deficits.
  Over the first fifty days of the new Administration, Democrats have 
spent approximately $1 billion an hour, most of it with borrowed money.
  Beginning in 2012, and every year thereafter, the government will 
spend more than $1 billion a day in net interest.
  Mr. Speaker, American families and small businesses cannot afford all 
of this government spending and the Democrats need to show some fiscal 
responsibility, just as President Obama promised.
  Where is the responsibility and accountability so often mentioned but 
never embraced by President Obama?

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