[Congressional Record (Bound Edition), Volume 151 (2005), Part 11]
[House]
[Page 15789]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1445
                      DEFICIT CONTINUES TO SHRINK

  (Mr. CRENSHAW asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CRENSHAW. Mr. Speaker, this morning the President announced some 
very good economic news: Our economy continues to grow and our deficit 
continues to shrink. That is good news. Why is that happening?
  Number one, we gave tax relief to the American people so they can 
keep more of what they earned, and that has helped create an awful lot 
of new jobs, and this year we put the brakes on Federal spending when 
we wrote our budget and passed our spending bills this year. We 
actually spend less money next year than we did last year. Spending 
goes down. When we take out homeland security and defense, 
discretionary spending is reduced.
  Mr. Speaker, that is what every American family has to do. They write 
a budget and then they stay within the budget, and we did just that. 
That is great news for the American taxpayers, that is why the economy 
continues to grow. That is why interest rates are down. That is why 
jobs are up and unemployment is down.
  That economic news is something we have been waiting to hear. When 
you give tax relief and put the brakes on Federal spending, good news 
happens and the economy is growing.

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