[Congressional Record Volume 162, Number 24 (Wednesday, February 10, 2016)]
[House]
[Pages H695-H696]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
PRESIDENT OBAMA'S FY 2017 BUDGET AND CRUSHING DEBT
(Mr. ROTHFUS asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. ROTHFUS. Mr. Speaker, this is the cover of President Obama's last
budget proposal. Whether or not the administration intended it, it is a
fitting and appropriate cover because it symbolizes the mountain of
debt President Obama will leave behind.
His latest budget proposal increases spending by a record-breaking
4.9 percent, or $2.5 trillion over the next decade. The President's
budget leaves our
[[Page H696]]
children and grandchildren burdened with an unfathomable mountain of
debt, regulations, and taxes; and like every other budget he has
presented, it never balances. This budget is reckless and
unconscionable.
When President Obama took office on January 20, 2009, the national
debt was $10.6 trillion; yet Mr. Obama has increased the national debt
to $19 trillion, and this budget would increase our national debt to
$27.4 trillion over the next decade--more than twice the debt when he
first took office.
This cover will be part of the Archives of the United States. It will
be a fitting historical record for the mountains of debt it represents.
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