[Congressional Record Volume 155, Number 65 (Thursday, April 30, 2009)]
[Extensions of Remarks]
[Page E1022]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




        CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2010

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                               speech of

                           HON. JOHN L. MICA

                               of florida

                    in the house of representatives

                       Wednesday, April 29, 2009

  Mr. MICA. Madam Speaker, I want to express my concern regarding the 
$3.5 trillion Federal budget, S. Con. Res. 13, passed by the U.S. House 
of Representatives yesterday.
  The size of the deficit in this budget, some $1.7 trillion for one 
year, is almost beyond comprehension. This could be a prescription for 
future debt disaster for our Nation's finances. Even the United States 
can go bankrupt if we continue spending at this rate.
  In the first 100 days of the new administration, Congress and the 
administration have run up more debt than the entire 8 years of the 
Bush Administration. The spending in the first three months includes a 
$787 billion so-called stimulus, $406 billion Omnibus increasing 
discretionary spending by 10% this year and hundreds of billions in 
TARP dollars.
  Not only does the 2010 budget represent astronomical deficit 
spending, it also raises taxes by $1.5 trillion (that's trillion) 
dollars.
  At some point soon this deficit spending, taxation and increased 
national indebtedness will have dramatic and negative consequences for 
our Nation.

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