[Congressional Record (Bound Edition), Volume 153 (2007), Part 3]
[House]
[Page 3079]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         THE PRESIDENT'S BUDGET

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Madam Speaker, the budget the President unveiled today 
fails to restore fiscal responsibility and meet the budget priorities 
of a majority of Americans. Critical to my district is county and rural 
school funding. We have a half-hearted proposal, the same one rejected 
out of hand by the Senate last year. Not only half-hearted, but half-
funded. It would be only half the money needed to meet the obligations 
of the Federal Government over the next 5 years.
  In addition, it is speculatively funded with controversial land 
sales, while he diverts a stable force of funding from oil and gas 
revenues to pet projects and tax cuts for rich people.
  Despite all that, he fails to deliver on his promise of a balanced 
budget, and he borrows $1.5 trillion from Social Security and Medicare, 
jeopardizing those programs. His budget is full of holes like Swiss 
cheese, but it smells like Limburger.

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