[Congressional Record (Bound Edition), Volume 155 (2009), Part 23]
[House]
[Page 31717]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   WE MUST STOP UNNECESSARY SPENDING

  (Mrs. SCHMIDT asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Mrs. SCHMIDT. Madam Speaker, I rise once again to remind this body 
that we must stop the unbridled spending that continues to raise our 
deficit.
  We have been reminded by Moody's that we are in jeopardy of losing 
our AAA rating by 2013 if we do not get our spending under control. 
Today, Barron's echoed the same warning.
  Our debt ceiling currently is $12 trillion. It is my understanding we 
are going to be asked to raise it an additional $2 trillion this week. 
Enough is enough. We must stop this unnecessary spending and stop it 
now before it is too late. We cannot spend our way into prosperity. I 
fear the results.

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