[Congressional Record (Bound Edition), Volume 149 (2003), Part 11]
[House]
[Page 14577]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         GROWING BUDGET DEFICIT

  (Ms. LORETTA SANCHEZ of California asked and was given permission to 
address the House for 1 minute and to revise and extend her remarks.)
  Ms. LORETTA SANCHEZ of California. Mr. Speaker, I rise today to voice 
my anger, my anger over the Bush administration's willingness to plunge 
our economy further into debt.
  The Congressional Budget Office had projected that this year's 
shortfall to the budget would be $300 billion. But recently they came 
back and they now tell us it is going to be over $400 billion.
  This year's budget deficit will be the biggest one since 1992 and it 
will be the second consecutive one under this President after we had 4 
years of surplus by President Clinton's administration.
  Instead of enacting fiscally responsible legislation, this 
administration continues to do further tax cuts for the wealthy. Former 
President Clinton recently said, When you find yourself in a hole, a 
practical person stops digging. But this Bush administration, it is 
asking for a bigger shovel.
  Mr. Speaker, it is time to stop digging. Fiscal responsibility needs 
to be the rule and not the exception to the rule.

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