[Congressional Record (Bound Edition), Volume 152 (2006), Part 4]
[House]
[Pages 4932-4933]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         TURNING BACK THE CLOCK

  (Ms. SCHWARTZ of Pennsylvania asked and was given permission to 
address the House for 1 minute and to revise and extend her remarks.)
  Ms. SCHWARTZ of Pennsylvania. Madam Speaker, I rise to turn back the 
clock. No, I am not referring to the annual daylight savings time 
change that occurred this past weekend. Nor am I having a moment of 
nostalgia. Rather, I am referring to the famous clock that tallies the 
Nation's growing debt.
  The surpluses of the late 1990s put the clock that tallies our 
Nation's debt into retirement. But now, the borrow-and-spend policies 
of the Bush administration and the Republican Congress put the clock 
back in operation, adding $1 million to the Nation's debt every minute, 
for a total of $3 trillion in new debt since 2002.
  The Republican Party's 2007 budget, which we will vote on this week, 
continues their borrow-and-spend policies.

[[Page 4933]]

It also will cause a problem that the designers of the Time Square 
clock did not anticipate. It cannot accommodate the extra digit that 
will be required to display a debt of over $10 trillion.
  American taxpayers, along with our children and our grandchildren, 
should not be saddled with this debt. We should stop this fiscal 
irresponsibility and reject the President and the Republican Congress' 
budget.

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