[Congressional Record Volume 156, Number 15 (Tuesday, February 2, 2010)]
[House]
[Page H430]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
BUDGET THAT SPENDS TOO MUCH, TAXES TOO MUCH AND BORROWS TOO MUCH
(Mr. WILSON of South Carolina asked and was given permission to
address the House for 1 minute and to revise and extend his remarks.)
Mr. WILSON of South Carolina. Mr. Speaker, in his State of the Union
address last week, the President stepped up his rhetoric about fiscal
responsibility. But just yesterday the President presented a budget
reminiscent of last year's that spends too much, taxes too much, and
borrows too much. The reality behind the President's budget proposal is
that it more than doubles the debt. It drives up spending to $3.8
trillion in 2011. It pushes the deficit to a record $1.6 trillion. It
raises taxes by over $2 trillion through 2020.
During these tough economic times, lawmakers should be tightening our
fiscal belts just like families across America are doing with their own
budgets. Increasing taxes and spending is not the way to rejuvenate our
economy and revitalize small businesses to create jobs.
In conclusion, God bless our troops, and we will never forget
September the 11th in the global war on terrorism.
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