[Congressional Record Volume 156, Number 80 (Tuesday, May 25, 2010)]
[House]
[Page H3763]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    CONGRESS NEEDS TO PASS A BUDGET

  (Mrs. MILLER of Michigan asked and was given permission to address 
the House for 1 minute.)
  Mrs. MILLER of Michigan. Mr. Speaker, in recent weeks, we have seen 
some American corporate executives brought before Congress and grilled 
about how they run their firms, and appropriately so. Yet, what would 
the response of Congress be if a private firm had the following record? 
It operated at losses of about $3 trillion over 2 years. It used 
questionable accounting gimmicks. It had unfunded long-term liabilities 
of $50 trillion or more. It had provided no guidance to its 
shareholders about its bleak balance sheet.
  Mr. Speaker, unfortunately, such a firm does exist, but it is not in 
the private sector. That firm is the Federal Government run by this 
majority. They've racked up over $3 trillion in new debt in just 2 
years. They've passed outrageous new spending plans. They've refused to 
put forward a budget to the shareholders--the American people--because 
they don't want the people to see their plans for our Nation's fiscal 
future, Mr. Speaker.
  If this was a private firm instead of our Federal Government, there 
would be charges filed for fiscal malfeasance. The majority owes the 
American people answers, and they must bring forward their budget 
immediately.

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