[Congressional Record (Bound Edition), Volume 152 (2006), Part 3]
[House]
[Page 3116]
[From the U.S. Government Publishing Office, www.gpo.gov]




             MISPLACED PRIORITIES AND FISCAL MISMANAGEMENT

  (Mr. MORAN of Virginia asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. MORAN of Virginia. Mr. Speaker, when future generations of 
Americans look back at this time in our Nation's history, they will 
have to conclude that this Republican Congress and White House has been 
the most fiscally irresponsible in our Nation's history.
  In 5 years we have turned a projected $5.6 trillion surplus into a 
projected $3.5 trillion of deficit, a $9 trillion fiscal reversal. 
Seventy-seven percent of it is attributable to tax cuts, most of which 
benefit the wealthy, and to the so-called war on terrorism.
  And why do I say the so-called ``war on terrorism''? Because in this 
budget, this President's budget, he would provide tax cuts for the top 
1 percent of Americans, greater than the entire amount of money he 
wants to spend on homeland security. And when you consider the fact 
that half of America's students do not even graduate from high school 
today, you have to ask why the amount of money he gives to the top 1 
percent of Americans is almost twice as much as the entire amount of 
money he wants to spend on the education budget; and it is almost three 
times what he would spend on veterans health care.
  This is misplaced priorities and fiscal mismanagement.

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