[Congressional Record Volume 156, Number 80 (Tuesday, May 25, 2010)]
[House]
[Page H3766]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
DEADLINE HAS PASSED FOR ANNUAL BUDGET RESOLUTION
(Mr. LAMBORN asked and was given permission to address the House for
1 minute.)
Mr. LAMBORN. Mr. Speaker, over a month has gone by since the April 15
deadline for Congress to pass its annual budget resolution. House
Democrats, though, haven't even bothered to offer up a proposal. But
without a budget resolution, it is still clear Democrats will go on
spending unbelievable sums of money, as if a $940 billion health care
bill, a $787 billion failed stimulus bill, and teeing up more permanent
bailout authority weren't enough, House Democrats are going to spend
another $200 billion this week on another massive spending bill.
The majority of this is not offset by other spending cuts in the
budget. This latest spending spree will increase our annual deficit by
$134 billion.
To the extent that there is any budgeting here in Washington at all,
we are budgeting for bankruptcy. The Congressional Budget Office
predicts that our debt will rise to an alarming 90 percent of GDP by
the end of this decade.
This is unsustainable and puts us in the same territory as the
country of Greece. Having already spent trillions of dollars, we are
not even trying to budget for the next year.
This is unacceptable. Americans don't handle their checkbooks this
way and neither should Congress.
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