[Congressional Record (Bound Edition), Volume 152 (2006), Part 7]
[House]
[Page 8650]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              THE TAX BILL

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Mr. Speaker, the President signed another tax bill that 
will add to the Federal deficit. And the House budget resolution that 
passed last night, with 100 percent of the Democrats voting against it, 
contains a provision to raise the debt ceiling for the fifth time on 
President Bush's watch.
  This President and this Congress have squandered the fiscal 
discipline of the Clinton years of the 1990s and created a legacy of 
deficits and debt that will erode the standard of living of our 
children and our grandchildren. This is a record-setting 
administration, but they are setting the wrong kinds of records.
  We have seen the Federal budget deficit set a record in dollar terms. 
We have seen the national debt rise to a record level. And we have seen 
our trade deficit and our indebtedness to the rest of the world rise to 
a record level.
  America can do better.

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