[Congressional Record Volume 157, Number 53 (Tuesday, April 12, 2011)]
[House]
[Pages H2588-H2589]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
THE BUDGET
(Mr. KINGSTON asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. KINGSTON. Mr. Speaker, the spending debate in Washington boils
down to a couple of fundamentals: We spend 23 percent of our GDP; that
is the level of spending of Congress. The revenues to GDP are only 18
percent. So you have a 5 percent difference in what your revenues are
and what your spending is. Years of doing this means that, right now,
for every dollar we spend, 40 cents is borrowed. You can't continue to
defy gravity.
This week, we will consider the Ryan budget. It has tax reform; it
has spending reform; it has regulatory reform--all things that are very
good. I'm glad to see that the President will be reintroducing another
budget this week, because I think it's very important that if you do
not like the Republican Ryan budget, that's fine, but put your budget
on the table because surely the Democrat Party has some ideas.
So far all we've heard from the Democrats is criticism. That's not
[[Page H2589]]
good enough in times like these. We've got to come together as a
country to do what's best not for the next election but for the next
generation and, indeed, for our future.
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