[Congressional Record (Bound Edition), Volume 153 (2007), Part 4]
[House]
[Page 4794]
[From the U.S. Government Publishing Office, www.gpo.gov]




   THE PRESIDENT'S BUDGET AND NATIONAL DEBT, TIME TO RESTORE FISCAL 
                        DISCIPLINE IN WASHINGTON

  (Mr. KLEIN of Florida asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. KLEIN of Florida. Mr. Speaker, the President's 2008 budget 
proposal does not properly address the concern of American families. 
President Bush once again proposes substantial cuts to programs so 
important to our districts like Medicare, Medicaid, education and the 
environment. He then uses those funds not to offset our country's 
massive debt, but instead to fund expensive tax cuts that do not grow 
our economy and give it to people who need it the least. Unfortunately, 
budgets like this are what we have come to expect from an 
administration with the worst financial fiscal record in our Nation's 
history.
  During the 6 years of the Bush administration, the government has 
posted the highest deficits in history, squandering billions of dollars 
in budget surpluses and making massive cuts to vital programs. The 
President's misguided priorities have forced him to borrow money from 
foreign nations like China and Japan, more than all of 42 Presidents 
combined. This is not a record to be proud of.
  Mr. Speaker, we simply cannot handle more of the same, and 
unfortunately that is what this budget proposes. I stand ready to work 
with Democrats and Republicans to take our Nation in a new direction of 
fiscal responsibility. We plan to do that.

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