[Congressional Record (Bound Edition), Volume 151 (2005), Part 9]
[House]
[Page 12911]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       THE GROWING NATIONAL DEBT

  (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, these are tough economic times; but our 
economy is resilient, and I trust that we will eventually turn things 
around. But even then, this administration has created structural 
problems that will hinder us over the long run.
  This administration continues to set economic records, only they are 
the wrong economic records. We have set under this administration a 
record trade deficit of over $600 billion, a record budget deficit of 
over $450 billion, and they have raised the debt ceiling three times. 
As we stand here, our national debt is over $7.8 trillion, and that is 
over $26,000 for each citizen.
  Mr. Speaker, let me tell my colleagues, that is not the legacy that I 
want to leave to my children and my grandchildren and the children of 
America. I hope it is not the legacy that Members want to leave.

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