[Congressional Record (Bound Edition), Volume 153 (2007), Part 18]
[House]
[Page 25390]
[From the U.S. Government Publishing Office, www.gpo.gov]




                ALAN GREENSPAN AND FISCAL RESPONSIBILITY

  (Mrs. MALONEY of New York asked and was given permission to address 
the House for 1 minute.)
  Mrs. MALONEY of New York. Mr. Speaker, in Alan Greenspan's new 
memoir, ``The Age of Turbulence,'' the former Fed Chair criticizes 
Republicans for abandoning fiscal discipline.
  It's no wonder: the current Bush administration has racked up over 
one-third, about $3.2 trillion, of our nearly $9 trillion total 
national debt. In fact, Ronald Reagan, George H.W. Bush, and George W. 
Bush are responsible for incurring almost three-quarters of our total 
national debt, according to a new analysis from the Joint Economic 
Committee.
  Republican administrations over the last 30 years have made us a 
Nation of debtors, vulnerable to the economic and political decisions 
made half a world away. We need a new direction.
  Democrats in Congress are committed to getting our fiscal house back 
in order.

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