[Congressional Record (Bound Edition), Volume 155 (2009), Part 23]
[House]
[Page 31008]
[From the U.S. Government Publishing Office, www.gpo.gov]




                          ECONOMIC DISCIPLINE

  (Mrs. SCHMIDT asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Mrs. SCHMIDT. Mr. Speaker, I rise to once again report that we are in 
jeopardy of losing the AAA credit rating of the United States if we do 
not impose economic discipline in this Congress and impose it now. The 
record deficits, coupled with poor economic growth and high 
unemployment, are making it increasingly difficult for the U.S. to 
maintain its debt.
  Last year this Congress created a deficit of $1.4 trillion. That's an 
average of $4 billion a day. Now we're being asked to raise our debt 
ceiling an additional $1.84 trillion so we can continue to borrow 
money. This spending must stop. It must stop now. And we need the 
discipline and courage in this Congress to do it.

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