[Congressional Record Volume 155, Number 111 (Wednesday, July 22, 2009)]
[House]
[Page H8499]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         SOME HISTORICAL FACTS

  (Mr. MORAN of Virginia asked and was given permission to address the 
House for 1 minute.)
  Mr. MORAN of Virginia. Mr. Speaker, people are entitled to their own 
opinions but not their own set of facts. The historical facts are that 
it was the Reagan-Bush administration that busted the budget year after 
year establishing unprecedented deficits.
  But then the Clinton administration came in, passed the Balanced 
Budget Amendment, against Republican opposition, implemented the PAYGO 
concept, and generated $5.6 trillion of projected surpluses. In fact, 
Alan Greenspan was worried about too much surplus.
  Then, the Republican Bush administration comes in, rejected the PAYGO 
concept, passes two tax cuts, starts a war, not one dime of which were 
ever paid for, and now the Democrats will come back and pass statutory 
PAYGO because PAYGO is defining of the Democrat Party's commitment to 
fiscal responsibility and accountability.

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