[Congressional Record (Bound Edition), Volume 151 (2005), Part 10]
[House]
[Pages 13517-13518]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             TRADE DEFICIT

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Mrs. MALONEY. Mr. Speaker, this Republican Congress may go down in 
history as the most fiscally irresponsible Congress in the history of 
this country. Our record budget deficit, our record debt, we have over 
$7.8 trillion in debt, and each citizen's share is over $26,000. Last 
week we learned that our trade deficit set a new record, over $195 
billion in the first 3 months of this year. That is 6.4 percent of GDP 
on an annual basis, the largest trade deficit in the history of our 
country.
  This Congress is not just raising the debt ceiling, and we have 
raised this debt ceiling three times recently, this Congress is 
shooting the Moon. It is totally out of control. And these 
irresponsible, wanton budget policies will

[[Page 13518]]

be borne by our children and our grandchildren. Is that the legacy we 
want to leave?

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