[Congressional Record (Bound Edition), Volume 153 (2007), Part 6]
[HOU]
[Page 7922]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    RESTORING FISCAL RESPONSIBILITY

  (Mr. YARMUTH asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. YARMUTH. Mr. Speaker, for too long, many of America's toughest 
challenges have gone unaddressed while massive debt was piled on the 
backs of our young generations.
  Now, this Democratic-led House has proposed a budget that takes our 
Nation in a new direction and reaches balance in 5 years while lowering 
the deficit. By contrast, the President's proposed budget does not 
achieve balance at all, despite his promises to do so.
  The House budget also puts in place pay-as-you-go spending 
principles, finally requiring our government to balance and prioritize 
spending the way all American families must do. Restoring fiscal 
integrity is not only good for the budget's bottom line, but it is also 
important in protecting our national security, since much of our 
Nation's debt is owed to foreign governments.
  Mr. Speaker, the Democratic budget resolution begins the process of 
restoring fiscal integrity to the leftover Republican mess of reckless 
spending and massive deficits. It is time for a balanced budget that 
meets the needs of American families without mortgaging our future to 
foreign interests.

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