[Congressional Record (Bound Edition), Volume 152 (2006), Part 6]
[House]
[Pages 8414-8415]
[From the U.S. Government Publishing Office, www.gpo.gov]




                     OUR COUNTRY IS LIVING IN DEBT

  (Ms. LORETTA SANCHEZ of California asked and was given permission to 
address the House for 1 minute.)
  Ms. LORETTA SANCHEZ of California. Mr. Speaker, during these tough 
economic times when Americans are

[[Page 8415]]

paying record amounts at the pump, struggling with rising college 
tuition bills and facing high health care costs, many families are 
working hard to keep their bank balances positive and their heads above 
water.
  These families know well the consequences of going into debt and the 
importance of living on a pay-as-you-go system. It is a lesson that 
they should teach House Republicans who have once again proposed a 
budget resolution that sends us spiraling even further into record debt 
and proposes no plan for balancing our Nation's account.
  Republicans propose we continue living on credit, money borrowed from 
nations such as China, to whom we now owe $257 billion. In fact, they 
have the audacity to propose that we even increase the debt limit for 
our Nation for the fifth time since this President took office.
  Mr. Speaker, this shameful budget proposal is another example of how 
this Republican Congress failed to do what every American family must 
do, to live within their means.

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