[Congressional Record (Bound Edition), Volume 155 (2009), Part 23]
[House]
[Page 31361]
[From the U.S. Government Publishing Office, www.gpo.gov]




                          UNSUSTAINABLE DEBTS

  (Mrs. SCHMIDT asked and was given permission to address the House for 
1 minute.)
  Mrs. SCHMIDT. Madam Speaker, I rise yet again another day to remind 
ourselves that this Nation's AAA credit rating is about to be 
downgraded if we don't stop the spending and continue these 
unsustainable deficits.
  We ran a $1.4 trillion deficit last year, and we are on the track to 
do the same this year. Yesterday, this House passed six appropriations 
bills in an omnibus package with an almost half-a-trillion-dollar price 
tag. This is 13 percent more than the spending levels of the prior 
year; 13 percent more, following a bloated trillion-dollar stimulus 
spending package.
  We all want to return our Nation to economic prosperity, but we can't 
do it and simultaneously run our Nation into a ditch of fiscal 
financial irresponsibility.
  My 1-year-old grandson, Michael, and his generation will never be 
able to afford the mountains of debt we are accumulating. Moody's 
Investment Service has warned us to stop it now or lose our AAA credit 
rating by 2013. This Congress must get the message. Get the message 
now. Stop the unnecessary spending.

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