[Congressional Record (Bound Edition), Volume 151 (2005), Part 9]
[House]
[Page 12507]
[From the U.S. Government Publishing Office, www.gpo.gov]




              AMERICA'S ECONOMY CONTINUES TO SURGE FORWARD

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, I see encouraging news 
each week proving that President Bush's tax cuts and his economic 
policies are clearly paying off for the American people and the 
American economy.
  In May, over 78,000 Americans found new jobs and over 3.5 million 
jobs have been created in the last 2 years. The job growth amounts to 
more jobs created in America than new jobs in France, Germany, England, 
Canada, and Japan combined. Although we have seen steady job gains for 
each of the last 24 months, I know President Bush will not be satisfied 
until every American who wants to work can find a job.
  Additionally, the gross domestic product has been revised upward for 
the first quarter from 3.1 to 3.5 percent.
  With more Americans working more than ever, our flourishing economy 
is also shrinking the national deficit. Last week, the Treasury 
Department announced the May deficit has decreased by $27 billion, 
which is the smallest deficit for the month of May since 2001. 
President Bush and the Republican Members of Congress are committed to 
cutting the deficit in half in 5 years.
  In conclusion, God bless our troops and we will never forget 
September 11.

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