[Congressional Record (Bound Edition), Volume 152 (2006), Part 3]
[House]
[Page 3115]
[From the U.S. Government Publishing Office, www.gpo.gov]




   PRESIDENT'S BUDGET OUT OF TOUCH WITH PRIORITIES OF AMERICAN PEOPLE

  (Ms. WATSON asked and was given permission to address the House for 1 
minute.)
  Ms. WATSON. Mr. Speaker, President Bush is now touting the line item 
veto as the magic formula to get our deficit under control. Then why 
does the President not begin by actually sending Congress a balanced 
budget?
  For 5 years now, one of the President's main priorities has been to 
provide billions in tax breaks to his friends in the pharmaceutical and 
insurance industry, the oil and gas industry, and America's wealthiest 
elite. When the President provides these tax breaks to his friends, he 
increases the deficit and prevents the Federal Government from being 
able to properly address the concerns of hardworking Americans.
  There is no doubt the President has lost control of the deficit, 
piling mountains of debt on the backs of our children and 
grandchildren. Under President Bush, a projected 10-year $5.6 trillion 
surplus has turned into a $3.3 trillion deficit. This year the deficit 
is expected to reach $423 billion, the largest deficit in history. And 
yet the President suggests making his tax breaks to his friends 
permanent.

                          ____________________