[Congressional Record Volume 155, Number 183 (Tuesday, December 8, 2009)]
[House]
[Page H13555]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1015
              THE FINANCIAL SECURITY OF THE UNITED STATES

  (Mrs. SCHMIDT asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Mrs. SCHMIDT. Madam Speaker, as I was getting ready to come here this 
morning, I was listening to the television and something was said that 
really caused me to not just pause but really question what some folks 
are doing with this country.
  Moody's Investment Service has sounded an alarm. It is said that if 
we do not stop our spending, we will lose our AAA rating. We're in 
jeopardy of losing our AAA rating in the next 3 to 4 years.
  This week we're going to debate an omnibus budget bill that will 
spend almost a half-trillion dollars--that's a half-trillion dollars 
more to the deficit we already have. Moody's has warned us we can't 
sustain the spending, and this is going to cost us our triple-A rating.
  Madam Speaker, I question what some folks want to do. We need to 
pause before we spend the taxpayer dollars. We need to make sure that 
we do not ruin the financial security of our Nation.

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