[Congressional Record (Bound Edition), Volume 153 (2007), Part 3]
[House]
[Pages 3827-3828]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  PRESIDENT'S PROPOSED BUDGET AND DEBT

  (Mr. WILSON of Ohio asked and was given permission to address the 
House

[[Page 3828]]

for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of Ohio. Mr. Speaker, the President's proposed budget is 
another step down the long road of fiscal irresponsibility.
  While this administration's budget claims to reach balance in 2012, 
in reality, it actually will remain in the red all along those years. 
After all, over the last 6 years, the Bush administration's fiscal 
policies have posted the highest deficits in our Nation's history.
  The administration has squandered the budget surplus it inherited, 
transforming $5.6 trillion projected surplus into a $2.8 trillion 
deficit over the same period, completely losing focus of what we need 
to do in America.
  Even with this continued deficit, the budget still hurts American 
families. It proposes substantial cuts to Medicare and Medicaid both. 
What does this out-of-whack budget really fund? The President's tax 
cuts for the wealthy, of course.
  Mr. Speaker, the President has put forth another budget that raises 
our national debt while cutting vital programs to Americans. His 
priorities haven't changed. Fortunately, the leadership in this 
Congress has changed.

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